Voting on the Budget Deficit
Guido Tabellini and
Alberto Alesina
Scholarly Articles from Harvard University Department of Economics
Abstract:
This paper analyzes a model in which a group of rational individuals votes over the composition and time profile of public spending. All voters agree that a balanced budget is ex ante optimal. However, if there is disagreement between current and future majorities, a balanced budget is not a political equilibrium under majority rule. Under certain conditions a majority of the voters favors a budget deficit, and the equilibrium deficit is larger the greater is the polarization among voters.
Date: 1990
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Published in American Economic Review
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Related works:
Journal Article: Voting on the Budget Deficit (1990) 
Working Paper: Voting on the Budget Deficit (1988) 
Working Paper: Voting on the Budget Deficit (1988) 
Working Paper: Voting on the Budget Deficit (1988) 
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Persistent link: https://EconPapers.repec.org/RePEc:hrv:faseco:4553030
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