Political Influence, Economic Interests and Endogenous Tax Structure in a Computable Equilibrium Framework: With Applicatioon to the United States, 1973 and 1983
A full understanding of public affairs requires the ability to distinguish between the policies that voters would like the government to adopt, and the influence that different voters or groups of voters actually exert in the democratic process. We consider the properties of a computable equilibrium model of a competitive political economy in which the economic interests of groups of voters and their effective influence on equilibrium policy outcomes can be explicitly distinguished and computed.
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