The tyranny of the majority is one of the most frequently discussed problems of democracy in political theory. It arises when winning majorities are fixed and permanent, and there are no checks on the majority’s ability to dominate the minority. In this paper, I investigate the effects of...

We consider plurality voting games being simple games in partition function form such that in every partition there is at least one winning coalition. Such a game is said to be weighted if it is possible to assign weights to the players in such a way that a winning coalition in a partition is...

Is there a link between public debt and wealth inequality? Could government bondholders use intra-generational redistribution strategically to make the repayment of debt politically viable? We reconsider the model of Tabellini (J Polit Econ 99:335–357, 1991) and expose the role of coordination...

Richard E. Wagner has published a multidisciplinary collection of fifty essays written by different scholars in the areas of James M. Buchanan’s wide-ranging work. This volume is so broad in scope, so rich in fascinating reflections, so instructive that anybody should benefit from it who has a...

I present a model of financing social enterprises to delineate the role of impact investors relative to “pure” philanthropists. I characterize the optimal scale and structure of a social enterprise when financed by grants, and when financed by investments. The analysis yields two heuristics...