Unanimity Rule Constitutions
In this paper, we show that the shortcomings of the unanimity rule can be alleviated by complementing it with the following constitutional principles: broad packages with many public projects can only be proposed once in a legislative term, the agenda setter needs to pay the highest taxes he is proposing, as well as a ban on subsidies. We show that such democratic constitutions yield efficient public project provision.
|Date of creation:||04 Aug 2000|
|Note:||Type of Document - Tex; prepared on UNIX ; to print on PostScript; pages: 16; figures: .|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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