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Political Optimal Tax Policy Making in a Probabilistic Voting Framework

Author

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  • Sung-kyu Lee

    (HanKuk University of Foreign Studies)

Abstract

Tax policy in democratic socities can best be understood as the equilibrium outcome of a political process that trades off economic and political forces within a given set of institutions. We use a probabilistic voting framework to analyze the structure of tax policy in political equilibrium. Among available models, the probabilistic voting or expected vote maximization model appears well suited to deal with tax structure in a democratic setting. In particular, we apply the probabilistic voting model to tax policy making, focusing on analyzing the outcome of vote maximization.

Suggested Citation

  • Sung-kyu Lee, 2006. "Political Optimal Tax Policy Making in a Probabilistic Voting Framework," Korean Economic Review, Korean Economic Association, vol. 22, pages 99-129.
    • Handle: RePEc:kea:keappr:ker-20060630-22-1-06
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    More about this item

    Keywords

    Probabilistic voting model; Political costs; political optimal tax structure; Tax illusion;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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