Asheim, Geir B.; Claussen, Carl Andreas; Nilssen, Tore - Økonomisk institutt, Universitetet i Oslo - 2005
We consider a situation where society decides, through majority voting in a secret ballot, between the alternatives of ‘reform’ and ‘status quo’. Reform is assumed to create a minority of winners, while being efficient in the Kaldor-Hicks sense. We explore the consequences of allowing...
