The costs of collectivization, per se

James Buchanan and Yong Yoon ()

Public Choice, 2014, vol. 159, issue 3, 326 pages

Abstract: The question of collectivization becomes relevant in the post-financial crisis years as characterized by growing criticism of market organization. Collectivization, the social structure distinguishable from the market or central planning agency, can be costly from overspending. In our analytical framework, the political order remains polycentric. The most widely acceptable institutional solution may be budgetary outlay sufficient to meet all demand, and especially when it is recognized that public criticism of market alternatives is often concentrated on moral goods, e.g., health care. The excess burden of collectivization, per se, is the excess of costs over benefits if the collectivity meets individual demand for the good beyond plausible efficiency levels. The costs of collectivization, per se, can be reduced by separated budgets, showing both revenue and outlay for individual budgetary line items, that bring collective spending decisions closer to the accompanying levy of taxes. Copyright Springer Science+Business Media New York 2014

Keywords: Collectivization; Polycentric political order; Prisoners’ dilemma; Excess burden; Pure public good; D71; D72; H20; H50 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/s11127-013-0112-8 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:159:y:2014:i:3:p:321-326

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11127/PS2

DOI: 10.1007/s11127-013-0112-8

Access Statistics for this article

Public Choice is currently edited by WIlliam F. Shughart II

More articles in Public Choice from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().