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Barro (1973) - The Control Of Politicians An Economic Model (view source)
Revision as of 16:02, 12 June 2011
, 16:02, 12 June 2011→Model
As such, the voter wants to choose <math>\bar{x}</math> as low as possible while not inducing him to steal 1 now and lose office.
Later versions of the model incorporate wages, egos and multi-period terms into the model.
