Equilibrium in Fiscal Choices: Evidence from a Budget Game

Piervincenzo Bondonio and Carla Marchese ()

Public Choice, 1994, vol. 78, issue 3-4, 205-18

Abstract: This is an applied study about the stability of collective decision-making in fiscal matters and the features of individual preferences which are sufficient to reach a social ordering. It is based on data about citizens' preferences collected through a budget game played by a sample of voters in Turin, a large Italian city. By simulating a series of individual choices, a social ordering of the municipal budget items is arrived at. The role played by restricted (i.e., single-peaked, single-caved, etc.) preferences to avoid cycles in choice simulations is then assessed. Copyright 1994 by Kluwer Academic Publishers

Date: 1994
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