Read My Lips, Watch for Leaps : Preference Equilibrium and Political Instability  

Oleh:

Fershtman, Chaim ; Heifetz, Aviad

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 116 no. 508 (2006), page 246-265.
Topik: social condition; equilibrium; political instability; policy variables; social conditions
Fulltext: 246.pdf (160.6KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

As norms and tastes adapt to the social conditions shaped by policy variables, voters' opinions about these policies may evolve as well. We show how this process can lead to political instability. Moreover, if a politician's platform is shaped opportunistically so as to gain the majority's support, once in office the politician should not implement the promised policy in order to remain popular and get re - elected. Rather, the effective policy in this respect is the one which will be deemed optimal by most voters after the norms and opinions will adjust to that very policy.

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