𝔖 Bobbio Scriptorium
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Indexation Rules, Risk Aversion and Imperfect Information

✍ Scribed by Corrado Benassi; Antonello E. Scorcu


Book ID
108550305
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
104 KB
Volume
71
Category
Article
ISSN
1463-6786

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✍ John A. Bishop; John P. Formby; W. James Smith πŸ“‚ Article πŸ“… 1991 πŸ› Springer US 🌐 English βš– 802 KB

This paper extends the median voter model to include risk aversion. An expected utility maximizing median voter with an aversion to risk may behave differently than a median voter who is certain. A referendum on income redistribution from the top of the distribution to the bottom which fails when th