Politico-economic cycles of regulation a
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Gustav Feichtinger; Franz Wirl
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Article
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1991
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Elsevier Science
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English
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This paper considers politico-economic cycles that do not depend on the exogenous electoral cycles. More precisely, the paper develops a positive model of intertemporal subsidy strategies for an authoritarian and dynastic government. It will be shown -applying the Hopf bifurcation theorem -that cyc