Showing 1 - 3 of 3
In this paper we examine the potential of democratic constitutions for the provision of divisible public goods in a large economy. Our main insights are as follows: When aggregate shocks are absent, the combination of the following rules yields first-best allocations: a supermajority rule, equal...
Persistent link: https://www.econbiz.de/10010266097
Persistent link: https://www.econbiz.de/10013275538
Persistent link: https://www.econbiz.de/10011745530