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We study the effect of power sharing over income redistribution among different socio-economic groups in a model of redistributive politics with fairness concern. We prove that a unique pure-strategy equilibrium exists under fairly general conditions; and we show that equilibrium transfers...
Persistent link: https://www.econbiz.de/10011563113
Persistent link: https://www.econbiz.de/10011548406
This paper analyzes a non-smooth model of probabilistic voting with two parties and a broad family of other-regarding behavior, including fairness and quasi-maximin preferences, income-dependent altruism, and inequity aversion. The paper provides conditions for equilibrium existence and...
Persistent link: https://www.econbiz.de/10012852693
Persistent link: https://www.econbiz.de/10011910851