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Voting on the Budget Deficit

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NBER1988-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2759
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This paper analyzes a model in which different rational individuals vote over the composition and time profile of public spending. Potential disagreement between current and future majorities generates instability in the social choice function that aggregates individual preferences. In equilibrium a
创建时间:
1988-11-01
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