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Political Competition and the Study of Public Economics

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  • Winer,Stanley L.
  • Ferris,J. Stephen

Abstract

Why is an understanding of political competition essential for the study of public economics and public policy generally? How can political competition be described and understood, and how does it differ from its strictly economic counterpart? What are the implications of the fact that policy proposals in a democracy must always pass a political test? What are the strengths and weaknesses of electoral competition as a mechanism for the allocation of economic resources? Why are tax structures in democratic polities so complicated, and what implications follow from this for normative views about good policy choice? How can the intensity of political competition be measured, why and how does it vary in mature democracies, and what are the consequences? This Element considers how answers to these questions can be approached, while also illustrating some of the interesting theoretical and empirical work that has been done on them.

Suggested Citation

  • Winer,Stanley L. & Ferris,J. Stephen, 2022. "Political Competition and the Study of Public Economics," Cambridge Books, Cambridge University Press, number 9781009001694.
    • Handle: RePEc:cup:cbooks:9781009001694
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    Cited by:

    1. Ferris, J. Stephen & Voia, Marcel-Cristian, 2023. "Do rival political parties enforce government efficiency? Evidence from Canada 1867–2021," European Journal of Political Economy, Elsevier, vol. 77(C).

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