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Public and private environmental spending: a political economy approach
Pierre-André Jouvet ,
Philippe Michel and
Pierre PESTIAU
No 2004068, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
Abstract:
This paper studies the determination of public investment in environmental quality when there are private alternatives. Public investment is chosen by majority voting. When consumption and environmental quality are complementary one may observe a solution of the type "ends against the middle".
Date: 2004-09-01
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