Transition and Stability of Redistribution Policies

Jean-Luc Schneider

Chapter Chapter 5 in The Socio-Economic Transformation, 2007, pp 65-84 from Palgrave Macmillan

Abstract: Abstract The chapter presents a simple theoretical model of a society subject to choice, expressed through voting, on a potential move away from the status quo. This move is interpreted in term of choice between (more of) capitalism and (more of) socialism, expressed through parameters corresponding to degree of equality/redistribution and economic effectiveness. Seemingly paradoxical voting behavior patterns, bearing a striking resemblance to some of the actually observed ones, are thereby explained.

Keywords: Human Capital; Stable Equilibrium; Social Choice; American Economic Review; Mixed System (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37903-9_5

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DOI: 10.1057/9780230379039_5

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