Hassler, John; Storesletten, Kjetil; Zilibotti, Fabrizio - In: Journal of the European Economic Association 1 (2003) 2-3, pp. 543-552
We analyze positive theories of redistribution, social insurance and public good provision in a dynamic macroeconomic framework. Political outcomes are determined via repeated voting and driven by a conflict of interests between agents. Voters and politicians rationally forecast the impact of...
