Suga, Koichi; Okada, Akira; Sakakibara, Kenichi - In: Social Choice and Welfare 14 (1996) 1, pp. 1-21
We consider how the political system of the state evolves in the process of economic development. We present a dynamic public goods economy with non-overlapping generations, which confronts the free-rider problem without the state. In each generation, individuals enter under the unanimous rule a...