Lloyd, Robert E; McGarrity, Joseph P - In: Public Choice 85 (1995) 1-2, pp. 81-90
The Leviathan theory of government was seemingly contradicted when the U.S. Congress passed the Gramm-Rudman deficit reduction law. This study analyzes the Senate vote on Gramm-Rudman to try to determine whether legislators acted in their own self-interest. A prisoner's dilemma argument explains...