Messner, M. and M. Polborn (2004), Voting on Majority Rules

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Return to BPP Field Exam Papers 2012

Intergenerational Conflict=

  • Voters born in continuous time and live for length 1
  • Deaths equal birth, so continuous mass
  • Some chance of reform opportunity
  • Reforms cost, c, yeild value v element of [0, [math] \infinity[/math]