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We use computational experiments to study the impact of means-tested education vouchers on the level and distribution of educational expenditures.
Persistent link: https://www.econbiz.de/10005646697
In this paper we study whether majority voting equilibria exist when preferences over public policies are not single-peaked. The government levies a proportional income tax. Tax revennues is used to finance a uniform lump-sum transfer and public education. Individuals vote on the composition of...
Persistent link: https://www.econbiz.de/10005646706