On the Faustian Dynamics of Policy and Political Power

DOI10.1093/restud/rdq022zbMath1215.91018OpenAlexW2147462529MaRDI QIDQ3012088

Jinhui H. Bai, Roger D. Lagunoff

Publication date: 30 June 2011

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www9.georgetown.edu/faculty/lagunofr/dynam-inconsist7.pdf

zbMATH Keywords

distortion-adjusted Euler equationmonotone and cyclical Faustian dynamicspermanent authoritypolicy-endogenous equilibriumpreservation and reformation effects

Mathematics Subject Classification ID

Voting theory (91B12) History, political science (91F10)

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