The Voting Mechanism and Market Allocation : A Note
An example is provided identifying a case of inefficiency arising from the interplay of the voting mechanism and the market mechanism.
|Date of creation:||01 Mar 1995|
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- GABSZEWICZ, Jean J. & VAN YPERSELE, Tanguy, 1994.
"Social Protection and Political Competition,"
CORE Discussion Papers
1994057, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mayer, Wolfgang, 1984. "Endogenous Tariff Formation," American Economic Review, American Economic Association, vol. 74(5), pages 970-85, December.
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