In their seminal paper, Aumann, Kurz and Neyman (1987) found the surprising result that the choice of public goods levels in a democracy is not affected by the distribution of voting rights. This implies that groups of individuals should not value the franchise. This conclusion, however, does...

In their seminal paper, Aumann, Kurz, and Neyman found the surprising result that the choice of levels of public goods in a democracy is not affected by the distribution of voting rights. This implies that groups of individuals should not value the franchise. This conclusion, however, does not...