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Buchanan clubs

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  • Todd Sandler

Abstract

This article evaluates the contribution of James M. Buchanan’s theory of clubs. At the outset, the article distinguishes club goods from pure public goods. Next, the article distills the basic mathematical structure of Buchanan’s treatment of clubs. This is followed by some key variants of Buchanan clubs. More general formulations of club theory are also addressed. To demonstrate the wide-ranging importance of Buchanan clubs, the article indicates varied applications of club theory. The article’s message is that club theory remains highly relevant today. Copyright The Author(s) 2013

Suggested Citation

  • Todd Sandler, 2013. "Buchanan clubs," Constitutional Political Economy, Springer, vol. 24(4), pages 265-284, December.
    • Handle: RePEc:kap:copoec:v:24:y:2013:i:4:p:265-284
    DOI: 10.1007/s10602-013-9148-5
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    References listed on IDEAS

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    Cited by:

    1. Roger Congleton, 2014. "The contractarian constitutional political economy of James Buchanan," Constitutional Political Economy, Springer, vol. 25(1), pages 39-67, March.
    2. Todd Sandler, 2015. "Collective action: fifty years later," Public Choice, Springer, vol. 164(3), pages 195-216, September.

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    More about this item

    Keywords

    Buchanan clubs; Club applications; Exclusion mechanisms; Public goods; D7; H4; H8;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H4 - Public Economics - - Publicly Provided Goods
    • H8 - Public Economics - - Miscellaneous Issues

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