inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when … market. At the other extreme, market efficiency is bound to fail, if household inefficiencies are solely caused by an … stability requires efficient or not too inefficient internal distribution. -- allocative efficiency ; general equilibrium …

Based on contribution patterns to parties in Germany and elsewhere, we suggest that European democracies should use a … mixed system where private funding can play a larger role than public funding. In Germany the high level of public funding …