Optimal Policymaking under Yardstick Vote: An Experimental Study

Optimal Policymaking under Yardstick Vote: An Experimental Study

We develop a numerical model that simulates the evolution of a virtual population with an incentive and ability-based wage, capital yield from savings, social welfare system, and total income subject to taxation and political turnovers. Meta-heuristics, particle swarm optimization (PSO) in particula...

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Bibliographic Details
Main Authors: Albert Argilaga, Jijian Fan
Format: Article
Language:English
Published: MDPI AG 2022-05-01
Series:Games
Subjects:
voting
yardstick competition
decision-making
optimal tax
simple majority
meta-heuristics
Online Access:https://www.mdpi.com/2073-4336/13/3/42

Internet

https://www.mdpi.com/2073-4336/13/3/42

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