Showing 1 - 10 of 280
Persistent link: https://www.econbiz.de/10003427649
One votes from self-interest or from a sense of duty. Voting from self-interest requires there to be some chance, however small, that one's vote swings the outcome of an election from one political party to another. This paper is a discussion of three models of what that chance might be: the...
Persistent link: https://www.econbiz.de/10003981846
Persistent link: https://www.econbiz.de/10003981849
The effect of a widening of the distribution of income upon society's choice of the amount of redistribution is a balancing of two opposing forces: the increase in redistribution in response to the increased ratio of mean to median income and the decrease in response to the greater advertising...
Persistent link: https://www.econbiz.de/10009377420
Persistent link: https://www.econbiz.de/10009410906
Persistent link: https://www.econbiz.de/10009515872
Important as it is for public policy, there is still no consensus about the size of the revenue-maximizing tax rate at the top of the Laffer curve. The purpose of this essay is not to supply a correct rate, but to identify difficulties in doing so. 1) Estimates of the revenue-maximizing tax rate...
Persistent link: https://www.econbiz.de/10010213152
Government by majority rule voting requires that compromise be attainable, but not too easily. Little of the nation's business could be transacted without an ability on the part of the legislators and political parties to strike bargains, but government by majority rule voting could not...
Persistent link: https://www.econbiz.de/10008702761
A duty to vote may be many things. It may be no more than an obligation to cast one's ballot as self-interestedly or as altruistically as one pleases. It may a requirement to vote for the political party most likely to yield the highest social welfare. It may be a requirement to choose between...
Persistent link: https://www.econbiz.de/10008989461
People vote from self-interest or from a sense of duty. Voting from self-interest requires there to be some chance, however small, that one's vote swings the outcome of the election from the political party one opposes to the political party one favours. This paper is a discussion of three...
Persistent link: https://www.econbiz.de/10008989466