Median voter theorum Study guides, Class notes & Summaries

The document provides an in-depth exploration of the Median Voter Theorem (MVT), covering its definition, features, relevance, implications, critiques, and limitations. It contrasts three minimum wage proposals, delving into economic theories, wage determination concepts, morality, and potential electoral success. The concept of government failure is categorized into substantive and procedural types, with suggested mitigation strategies. The criteria for measuring government success and failure ...