tag:blogger.com,1999:blog-4159906646513306121.post8025615771401506864..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: Who cares about the median voter? Not the politicians, maybeEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4159906646513306121.post-64157623000973754642013-04-05T08:59:14.323-07:002013-04-05T08:59:14.323-07:00Thanks for your interests in my research. I think ...Thanks for your interests in my research. I think that debates on the quality of democracies are crucial now-a-days, thanks for contributing to it.<br /><br />I would like to comment two things about your concerns on the paper. First the theoretical background has been criticised often, I was a bit concern in using a more complex one as all that I needed was the function of the citizens U = f(y) + f(x,y). Where y is income and x the position of politicians. This utility function is rather standard in economic theory, but as I said it is a general critique on the paper.<br /><br />Second, the income scale is relative, not absolute. It is indifferent if it is after of before taxes (as long as taxes do not take that much from an individual that he is better off by earning less, ie. marginal taxation below 100).<br /><br />Finally a potential upward bias (I am not sure if it exists, anyway) would make as maximum the social democrats work in 2009 for the 95th percentile in the best model (the one which claims that politicians work for the 1%) as the position of the politicians must be in R+...<br /><br />Anyway, thanks again for your interest, and congratulations for your great blog.<br /><br />Pablo<br />Pablo Torijanoreply@blogger.com