Distributive politics and economic growth: the Markovian Stackelberg solution
Ines Lindner () and
Holger Strulik
Economic Theory, 2004, vol. 23, issue 2, 439-444
Abstract:
We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter. Copyright Springer-Verlag Berlin/Heidelberg 2004
Keywords: Economic growth; Inequality; Differential game; Time-consistency. (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:spr:joecth:v:23:y:2004:i:2:p:439-444
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DOI: 10.1007/s00199-003-0367-2
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