Creedy, John (contributor); Moslehi, Solmaz (contributor) - 2007
), Meltzer-
Richard (1981) framework involving majority voting over a linear tax. On voting over
redistributive taxation see also … which modify the
extent to which inequality may lead to a majority equilibrium involving higher taxation
(and thus … expenditure and the
transfer payment gives:
dW =
Ã
n
X
i=1
∂W
∂V
i
∂V
i
∂b
!
db +
Ã
n
X
i=1
∂W
∂V
i
∂V
i
∂G
!
dG (11)
5
Consider …