When do voters win? This paper derives conditions under which a democracy will produce policies that favor the voter over special interests in a setting where politicians can be influenced by contributions from special interests, and are also motivated by electoral incentives. The paper examines panel data on the ratio of taxes paid by individuals relative to corporations in the United States and shows that it is negatively correlated with political competition, office-holding benefits, and policy salience.
The voter’s blunt tool
- Post author:sdgpi
- Post published:Jun 1, 2016
- Post category:Research / SDG 16 / Sustainable Development Goals