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

From edegan.com
Revision as of 15:13, 16 May 2012 by imported>Moshe (→‎Intergenerational Conflict=)
Jump to navigation Jump to search

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]