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Citizen-candidate models of representative government postulate that any citizen may become a candidate for office, that a winner is chosen from among the candidates by voting with ties broken by the flip of a coin, that all voters have preferences among a set of policies and that the...
Persistent link: https://www.econbiz.de/10011940638
Disputes over the marginal cost of public funds may be about its magnitude in any given time and place or about its role in cost-benefit analysis. This paper is about the latter. The Samuelson rule was devised for an omnipotent, omniscient and benevolent government. This paper is about how the...
Persistent link: https://www.econbiz.de/10011940683
A reasonable and fair interpretation of the mandate for equalization payments in Section 36(2) of the Canadian Constitution differs from the present equalization formula in these respects: Transfers to the poorer provinces would be financed by transfers from the richer provinces rather than from...
Persistent link: https://www.econbiz.de/10011940735
We know that people strike bargains and that civilized life could not proceed otherwise. Bargaining models yield solutions comparable to the general equilibrium in a competitive economy with universal self-interested behaviour subject only to economy-wide rules. Such models can be based upon a...
Persistent link: https://www.econbiz.de/10010290313
One votes from self-interest or from a sense of duty. Voting from self-interest requires there to be some chance, however small, that one's vote swings the outcome of an election from one political party to another. This paper is a discussion of three models of what that chance might be: the...
Persistent link: https://www.econbiz.de/10010290314
We know that people strike bargains and that civilized life could not proceed otherwise. We do not know how bargains are struck. We have no explanation of bargaining, comparable to the general equilibrium in the economy, accounting for essential features of bargaining as we know it with...
Persistent link: https://www.econbiz.de/10010290331
An ideal planner would follow the original Samuelson rule to undertake each and every public project, program or activity up to the point where the sum of its marginal benefits is just equal to its marginal cost. Actual governments modify the rule in response to the marginal cost of public funds...
Persistent link: https://www.econbiz.de/10010290332
A common, though by no means universally-accepted doctrine among practitioners of law and economics is that redistribution is no business of the law. This efficiency-only doctrine is not that redistribution is unworthy as a social objective, but that any given benefit to the poor is attainable...
Persistent link: https://www.econbiz.de/10010290386
People vote from self-interest or from a sense of duty. Voting from self-interest requires there to be some chance, however small, that one's vote swings the outcome of the election from the political party one opposes to the political party one favours. This paper is a discussion of three...
Persistent link: https://www.econbiz.de/10010290402
Government by majority rule voting requires that compromise be attainable, but not too easily. Little of the nation's business could be transacted without an ability on the part of the legislators and political parties to strike bargains, but government by majority rule voting could not...
Persistent link: https://www.econbiz.de/10010290430