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Spatial majority voting equilibria and the provision of public goods

โœ Scribed by Jan K. Brueckner


Book ID
116088842
Publisher
Elsevier Science
Year
1979
Tongue
English
Weight
765 KB
Volume
6
Category
Article
ISSN
0094-1190

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โœ R. B. Morton ๐Ÿ“‚ Article ๐Ÿ“… 1987 ๐Ÿ› Springer ๐ŸŒ English โš– 775 KB

A model of public good provision by majority rule selection incorporating the behavior of rational group voting is formulated. Two probability maximizing candidates are assumed. If voters are risk averse in public sector preferences, then a unique symmetric (both candidates offering identical platfo