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Persistent link: https://www.econbiz.de/10010987950
It is argued that the theory of the optimal majority for public decision making in its standard formulation is insufficient as a tool to analyze the relationship between different optimal majorities for different kinds of decisions. The theory is reformulated and conditions for optimal...
Persistent link: https://www.econbiz.de/10010988032
We characterize and study the relationship between income redistributions that are just and stable. We assume that for a given economy there exists a set of possible income redistributions, the constitution of the economy. The choice of redistribution is in the hands of the agents, who decide by...
Persistent link: https://www.econbiz.de/10010988141