The introduction of (inequity adverse) fair agents in a simple redistributive voting game reduces the political relevance of the middle class and increases the equilibrium level of redistribution. Interestingly, some of the predictions in Meltzer and Richard [J. Polit. Econ. 89 (1981) 914–927] are affected: a rise in the income inequality between poor and middle class may not decrease redistribution, because of the additional support for redistribution provided by the fair agents.
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Titolo: | Redistribution and Fairness: A Note |
Data di pubblicazione: | 2003 |
Autori: | |
Autori: | Galasso, Vincenzo |
Rivista: | EUROPEAN JOURNAL OF POLITICAL ECONOMY |
Abstract: | The introduction of (inequity adverse) fair agents in a simple redistributive voting game reduces the political relevance of the middle class and increases the equilibrium level of redistribution. Interestingly, some of the predictions in Meltzer and Richard [J. Polit. Econ. 89 (1981) 914–927] are affected: a rise in the income inequality between poor and middle class may not decrease redistribution, because of the additional support for redistribution provided by the fair agents. |
Appare nelle tipologie: | 01 - Article in academic journal / Articolo su rivista Scientifica |
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