Showing 1 - 5 of 5
In this article the theory of bureaucracy is used to analyze the collective choice mechamsm for determining military spending. The model integrates economies of size in military output from both the consumption (publicness) and production (scale) sides. Spillover effects on a nation's military...
Persistent link: https://www.econbiz.de/10010687327
This article explores the provision of a price-excludable public good under conditions of monopoly, in which the monopolist sets a uniform all-or-none price-output package to all consumers. The reasons for interest in this particular monopoly model are twofold First, many public goods are...
Persistent link: https://www.econbiz.de/10010687269
It has been concluded by some that no positive price for a public good is con-sistent with consumption efficiency as it will discourage consumption that could be provided at zero cost. It is argued here that this conclusion is m error because it fails to distinguish between two distinct...
Persistent link: https://www.econbiz.de/10010686362
This article investigates the impact of earmarking on tax revenues. By dedicat-ing revenues to a particular purpose, earmarking overcomes a free-rider problem among interest groups. The group receiving the benefits of the dedi cated revenues has a strong incentive to lobby for higher effective...
Persistent link: https://www.econbiz.de/10010687288
Recent studies have questioned the empirical relevance and normative validity of the traditional prescriptions for optimal taxation based on Ramsey's original in sights. The present authors analyze governments that maximize net political benefits, which only imperfectly represent net social...
Persistent link: https://www.econbiz.de/10010687367