Published in:Other papers World Bank E-Library Archive
Extent:
1 Online-Ressource
Language:
English
DOI:
10.1596/28181
Identifier:
Origination:
Footnote:
Description:
This paper derives an applied general political economy model incorporating a model of political decision making into a computable general economic equilibrium model. Political decision making among a set of legislators is modeled via a mean voter decision rule derived from a modified non cooperative legislative bargaining game of a Baron Ferejohn type. The model allows a simultaneous analysis of political and economic factors determining policy outcome and is applied to simulate future Common Agricultural Policy (CAP) under various political and economic scenarios