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A ruling party decides each of two periods on the level of public goods which it finances by means of taxation and internal debt. The debt has to be honoured by the government of the second period. Between the two periods elections take place, which may change the ruling party.
The book analyzes the fiscal decision of the first government which aims to maximize the long run utility of its representative voter. Conditions under which the government uses debt strategically in order to stay in power are identified. It is also shown how the fiscal decisions hinge on the populations' political...

Art can be messy. Art can get your ear cut off. Art can be deadly. By day, Jess Freeman is a marketing firecracker. By night, she's a hot mess of a relationship train wreck, feeling desperate to settle down as the big 4-0 approaches. But Jess only sees red when best friend, Paul Noland, finds an exquisite work of art from across the pond in the lethal Vanessa Reynolds. Paul is a savvy businessman, with an eye for younger women, and who refuses to accept he's getting too old to act the playboy. When Paul falls for a young museum curator, he puts himself and Jess in the middle of a...