On the Relevance of the Median Voter to Resource Allocation amongst Jurisdictions
AbstractAllocation of local public good over three jurisdictions with individuals with heterogeneous tastes, in a model with democratic institutions and majority rule. The nature of electoral uncertainty, the expectations of individuals from government captured by their reservation utilities, and heterogeneity in tastes within a jurisdiction are observed to affect resource allocation [GIPE WP No.3].
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Date of creation: Aug 2007
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jurisdiction; public finance; democratic; utilities; median voter; local public good; reservation utility;
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