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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Habit formation, strategic extremism, and debt policy |
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| Institution | University of Zurich |
| Series Name | Working paper series / Institute for Empirical Research in Economics |
| Number | No. 468 |
| ISSN | 1424-0459 |
| Date | 2010 |
| Abstract Text | We suggest a probabilistic voting model where voters’ preferences for alternative public goods display habit formation. Current policies determine habit levels and in turn the future preferences of the voters. This allows the incumbent to act strategically in order to influence the probability of reelection.nComparing to a benchmark case of a certain reelection, we demonstrate that the incumbent’s optimal policy features both a more polarized allocation between the alternative public goods and a debt bias. |
| Official URL | http://www.econ.uzh.ch/wp.html |
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