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Persistent link: https://www.econbiz.de/10003920029
This paper analyzes whether political outcomes in local democracies are determinedby the preferences of the median -typically poor- agents or whether they reflect thewishes of the wealthy elites. A model shows that when politicians belonging to differentgroups can form coalitions, the wealthy...
Persistent link: https://www.econbiz.de/10005870957
Persistent link: https://www.econbiz.de/10003920024