This extensive book explores in detail a wide range of topics within the public choice and constitutional political economy tradition, providing a comprehensive overview of current work across the field.

The essay analyzes in an overlapping-generations model, to which extent a pay-as-you-go pension system will be the outcome of majority voting, given specific institutional set-ups. Clearly, the vote of an active person depends on his expectations about how the present decision (i.e., his...

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...

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...

This comprehensive and thought-provoking Handbook reviews public sector economics from pluralist perspectives that either complement or reach beyond mainstream views. The book takes a comprehensive interdisciplinary approach, drawing on economic elements in the fields of philosophy, sociology,...

This brief survey reviews the economic consequences of terrorism. It is argued that the indirect effects of terrorism are likely to outweigh the direct effects. The former include changes in risk, transaction costs, demand, public finances and growth. We also address the nature of anti-terrorist...