๐”– Bobbio Scriptorium
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Redistribution and the income of the median voter

โœ Scribed by Phillip Nelson


Book ID
111561747
Publisher
Springer US
Year
1999
Tongue
English
Weight
34 KB
Volume
98
Category
Article
ISSN
0048-5829

No coin nor oath required. For personal study only.


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โœ John A. Bishop; John P. Formby; W. James Smith ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer US ๐ŸŒ English โš– 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