Electronic Resource
Oxford, UK and Boston, USA
:
Blackwell Publishers Ltd.
Economics & politics
10 (1998), S. 0
ISSN:
1468-0343
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Political Science
Notes:
We analyse a game theoretical model in which policy makers have superior knowledge about the working of the economy relative to voters. We show that parties increase their chances of reelection by basing their policies on the model that best fits in with their preferences. Moreover, we show that if parties care much about holding office, they may deliberately base their policies on a model that is electorally attractive, even if this model does not describe the working of the economy correctly. Our paper provides an explanation for the observation that different political parties subscribe to different economic philosophies.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1468-0343.00039
Permalink
Library |
Location |
Call Number |
Volume/Issue/Year |
Availability |