Political Equilibrium and the Provision of Public Goods

John C. Goodman and Philip K. Porter ()

Public Choice, 2004, vol. 120, issue 3_4, 247-266

Abstract: This paper treats interest groups -- people in their role as consumers of a public good and people in their role as taxpayers -- as the unit of account for representative voting. Each group is allowed to make an effort to support its preferred candidate and, at the margin, the effort-benefit ratio is the political price the group is willing to pay to secure an additional dollar of benefits.

Date: 2004
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