Off-the-peak preferences over government size
Francisco Martínez-Mora () and
M. Socorro Puy ()
No 2010-05, Working Papers from FEDEA
We show that preferences-bias towards overprovision or underprovision can explain the asymmetric location of electoral candidates with respect to the median voter. We analyze the determinants of preferences off-the-peak and find that: (i) The sign of the third derivative of the policy-induced utility function indicates whether preferences are bias towards overprovision (positive) or underprovision (negative). (ii) The analog of Kimball's coefficient of prudence can be used to measure the asymmetry of preferences. (iii) Consumers’risk aversion and government corruption (in the form of decreasing effectiveness producing public good) induce voters’ preferences to be more intense towards underprovision.
New Economics Papers: this item is included in nep-cdm, nep-pbe, nep-pol, nep-pub and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Off-the-peak preferences over government size* (2010)
Working Paper: Off-the-peak preferences over government size (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fda:fdaddt:2010-05
Access Statistics for this paper
More papers in Working Papers from FEDEA
Bibliographic data for series maintained by Carmen Arias ().