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The original Buchanan-Tullock formulation of collective decision-making costs may be expanded to: <Equation ID="E1"> <EquationSource Format="TEX"> $$C_i =C_i (N_a ,N,H)$$ </EquationSource> </Equation> <Equation ID="E2"> <EquationSource Format="TEX"> $$D_i =D_i (N_a ,H)$$ </EquationSource> </Equation> <Equation ID="E3"> <EquationSource Format="TEX"> $$G_i =G_i (N,H)$$ </EquationSource> </Equation> Analysis of the effects of group size (N), decision rules (N <Subscript> a </Subscript>), and homogeneity (H) on external costs (C <Subscript> i </Subscript>),...</subscript></subscript></equationsource></equation></equationsource></equation></equationsource></equation>
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This paper has provided evidence that federal government borrowing has in fact, as least for the period 1970 through 1982, exercised a significant impact upon short term interest rates in the private sector. In particular, it is shown here that the rate of change of the interest yield on...
Persistent link: https://www.econbiz.de/10010988090
In section 2, it is argued that the Electoral College introduces into the Presidential election process certain disincentives to vote. These disincentives essentially take the form of reducing the perceived benefits of voting for a Presidential candidate by restricting the power of votes to...
Persistent link: https://www.econbiz.de/10010988221
Tiebout (1956) had suggested that local government policy differentials might exercise a major impact on individuals' locational decisions. The findings in this paper seem to support Tiebout's position. In particular, of the six results (coefficients) obtained in describing the migration-impact...
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This paper has investigated the impact of geographic welfare benefit differentials upon migration in the United States. Unlike other related studies, which typically focus upon black migration (as a surrogate measure of migration of the poor), the present study focuses directly upon migration of...
Persistent link: https://www.econbiz.de/10010863700
The above results may be interpreted, as follows: political pressure to raise welfare (AFDC) levels is greater in those states where the population actually receiving welfare (AFDC) is greater and where unemployment among adult non-welfare recipients (who may expect to become welfare-eligible)...
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