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Partisan Views on the Economy

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Author Info

  • Swank, Otto H

Abstract

In this paper it is argued that political parties may have incentives to adopt a partisan view on the working of the economic system. Our approach is based on a dynamical spatial voting model in which political parties are policy oriented. This model revolves around two interrelated issues x and y. The policy maker sets x directly. There exist two views on the relationship between x and y. Model uncertainty confronts policy makers with the problem of the selection of a model to base their actions on. We show that if voters have imperfect information about the working of the economic system that model selection contains a strategic element. Policy makers are inclined to adopt a view on the working of the economic system which fits in with their preferences. Copyright 1994 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 81 (1994)
Issue (Month): 1-2 (October)
Pages: 137-50

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Handle: RePEc:kap:pubcho:v:81:y:1994:i:1-2:p:137-50

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Web page: http://www.springerlink.com/link.asp?id=100332

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Cited by:
  1. Potrafke, Niklas, 2013. "Minority positions in the German Council of Economic Experts: A political economic analysis," European Journal of Political Economy, Elsevier, vol. 31(C), pages 180-187.
  2. Daniel Sutter, 1998. "Calculation of Self-Interest and Constitutional Consensus: The Role of Ideology," Constitutional Political Economy, Springer, vol. 9(4), pages 323-333, December.
  3. Swank, Otto H., 1998. "Towards an economic theory of party ideology," European Journal of Political Economy, Elsevier, vol. 14(2), pages 223-240, May.

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