The purpose of this note is to correct an error in the seminal article on secession by Buchanan and Faith (1987). In their paper, Buchanan and Faith neglected the effect of political separation affects on markets, and consequently on individual private incomes.
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Article provided by Economics Bulletin in its journal Economics Bulletin.
Find related papers by JEL classification: H1 - Public Economics - - Structure and Scope of Government H4 - Public Economics - - Publicly Provided Goods
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