In a message dated 12/5/02 12:56:07 AM, [EMAIL PROTECTED] writes:
Howdy,
I've never really studied the Median Voter Theorem.
Recently I read where someone claimed that the U.S.
political system was designed to keep the two parties
nearly identical by keeping other parties out. I
assumed that
But perhaps third parties don't siphon off more votes because they're
undercapitalized. It's hard for an upstart domestic auto company to
challenge General Motors, or other established automakers. Remember
DeLorean? He was a third party automaker. Democratic politics appear to
be (inherently?)
http://www.newscientist.com/news/news.jsp?id=ns3124
Statistical physics predicts stock market
gloom
11:5902December02
NewScientist.com news service
A statistical physics model is predicting that the US stock
Did Reaganomics essentially hinge on the Laffer
Curve (i.e. the elasticity of tax receipts w/ respect
to tax rate [?]), and its implications regarding tax
revenue? Or was there alot more to it than that?
Paul Craig Roberts has a fascinating book about economic policy in the early
years of
--- Alypius Skinner [EMAIL PROTECTED] wrote:
A statistical physics model is predicting that the US stock market
recovery suggested by recent rises will only last until spring next year,
before tumbling yet further.
Why would this contradict efficient markets?
The efficient-market
--- john hull [EMAIL PROTECTED] wrote:
... So then I thought, suppose a third party were
let into the race, does the MVT still hold w/ for 3 or
more candidates?
MVT posits a bell-shaped distribution of political views, and the parties
respond to that. Think of hot-dog vendors at a beach.
Fred Foldvary wrote:
MVT posits a bell-shaped distribution of political views.
No, it doesn't. A uniform distribution works just as well.
Comes a third vendor. If he is in the center, each now gets 1/3 the sales.
If one vendor moves just a bit away, he gets 1/2 while the others get 1/4.
--- Robson, Alex [EMAIL PROTECTED] wrote:
A uniform distribution works just as well.
Of course MVT does not require a bell-shaped distribution of political
views, but empirically that is what is found in most populations.
There is, of course, a mixed strategy equilibrium.
which is what I
--- john hull [EMAIL PROTECTED] wrote:
Aren't payments in kind worth less than payments in
cash, when the value is a significant portion of one's
income, because they impose the consumption decision
(for lack of a better term) on the individual?
Yes, assuming no tax difference.
Many payments
--- Alypius Skinner [EMAIL PROTECTED] wrote:
A statistical physics model is predicting that the US stock market
recovery suggested by recent rises will only last until spring next
year,
before tumbling yet further.
Why would this contradict efficient markets?
I originally called
In a message dated 12/5/02 10:04:34 PM, [EMAIL PROTECTED] writes:
As a historical note abou the Laffer curve, it's interesting to see that
the phenomenon was already described by Bastiat in his 1847-02-21 article
Curieux phénomène économique (a peculiar economical phenomenon), itself
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