Boukouras, Aristotelis; Koufopoulos, Kostas - 2011 - This Version: 03 September 2010, First Version: 28 September 2007
decisions about the level of the public good. We derive the following results: i) Political competition is a necessary but not a … select institutions which restrict the power of politicians. iii) In conjunction with political competition, these … institutions implement the Lindahl allocation in the economy as a sub-game perfect Nash equilibrium of the political game. iv) As a …
