Distributive politics and economic growth: the Markovian Stackelberg solution | Zendy

Ines Lindner | Zendy; Holger Strulik | Zendy

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Distributive politics and economic growth: the Markovian Stackelberg solution

Author(s) -

Ines Lindner,

Holger Strulik

Publication year - 2003

Publication title -

economic theory

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.572

H-Index - 58

eISSN - 1432-0479

pISSN - 0938-2259

DOI - 10.1007/s00199-003-0367-2

Subject(s) - stackelberg competition , distributive property , public finance , mathematical economics , economics , differential (mechanical device) , government (linguistics) , mathematics , macroeconomics , pure mathematics , linguistics , philosophy , engineering , aerospace engineering

We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter. Copyright Springer-Verlag Berlin/Heidelberg 2004Economic growth, Inequality, Differential game, Time-consistency.,

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