Article(print)1981

STRUCTURE-INDICED EQUILIBRIA AND PERFECT-FORESIGHT EXPECTATIONS

In: American journal of political science: AJPS, Volume 25, Issue 4, p. 762-779

DENZAU, A.T; MACKAY, R.J

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Abstract

THIS PAPER EXTENDS THE WORK ON STRUCTURE-INDICED EQUILIBRIA BY EXPLICITLY CONSIDERING VOTERS' EXPECTATIONS. THE STANDARD ASSUMPTION OF MYOPIC EXPECTATIONS IS CONTRASTED WITH THE ALTERNATIVE ASSUMPTION OF PERFECT-FORESIGHT EXPECTATIONS.

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