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>

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...

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...

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...

The last four election-cycles in the U.S. House of Representatives (2004–2010) witnessed two shifts in political party control of that legislative body—from the Republicans to the Democrats in 2006 and then back to the Republicans in 2010. Nevertheless, U.S. House incumbents of both parties...

Arguably, private enterprise flourishes under conditions of increased freedom. However, increases in economic freedom can sometimes impose costs on others (negative externalities and monopoly power being prominent examples). Nevertheless, on balance, it is typically expected that the greater the...

This study empirically investigates the impact on per capita real economic growth of each of the ten measures of economic freedom computed annually by the Heritage Foundation. Within the context of the Random Effects Model, panel least squares estimations using a 5-year panel (2004 through 2008)...

Using over a half century of data, this exploratory empirical study adopts a simple loanable funds to investigate the impact of the federal budget deficits on the ex post real interest rate yield on 10 year Treasury notes. For the period 1960–2012, an autoregressive 2SLS estimate finds that...