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Barro (1973) - The Control Of Politicians An Economic Model (view source)
Revision as of 17:01, 12 June 2011
, 17:01, 12 June 2011no edit summary
Notice: If the voters fire iff <math>x>0</math>, all politicians will choose <math>x=1</math> forever and gets voted out the next round. If voters never fire, politician always takes everything.
As such, the voter wants to choose x� <math>\bar{x}</math> as low as possible while not inducing him to steal 1 now and lose office.
