Kultti, Klaus (contributor); Salonen, Hannu (contributor) - 2004 - [Elektronische Ressource]
Weiss (1988) where
voters decide on the amount of taxation that turns into a public good. The
voters differ as to their …
b−1
X
j=0
µ
b−1
j
¶
p
j
(1−p)
b−1−j
j
a+1
π<
µ
b−1
k
¶
p
k
(1−p)
b−1−k
k
a+1
β (5)
Inserting the equilibrium condition …)
Selling his vote at price π
0
to a B-type agent yields
π
0
+
k−2
X
j=0
µ
b−1
j
¶
p
j
(1−p)
b−1−j
α (8)
Now (7) is greater than …