Выбор редакции

Political Activism and the Provision of Dynamic Incentives -- by Antoine Camous, Russell Cooper

This paper studies the determination of income taxes in a dynamic setting with human capital accumulation. The goal is to understand the factors that support an outcome without complete redistribution, given a majority of relatively poor agents. In the analysis, the internal dynamics of income are not sufficient to prevent complete redistribution under majority rule without commitment. However, a political influence game across the population limits the support for expropriatory taxation and preserves incentives. In some cases, the outcome of the game corresponds with the optimal allocation under commitment.
НОВОСТИ ПО ТЕМЕ
ВЫБОР РЕДАКЦИИ