Competitive Governments: An Economic Theory of Politics and Public Finance - Hardcover

Albert Breton

Hardcover

ISBN 10: 0521481023 ISBN 13: 9780521481021

Publisher: Cambridge University Press, 1996

Synopsis

Competitive Governments explores in a systematic way the hypothesis that governments are internally competitive.

About this title

From the Back Cover

Competitive Governments explores in a systematic way the hypothesis that governments are internally competitive, that they are competitive in their relations with one another and in their relations with other institutions in society that, like them, supply consuming households with goods and services. Professor Breton contends that competition not only serves to bring the political system to an equilibrium but that it also leads to a revelation of the households' true demand functions for publicly provided goods and services, and to the molding of a link between the quantities and the qualities demanded and supplied and the taxprices paid for these goods and services. In the real world where information is costly, the links may not be first-best, but they will be efficient if competition is vigorous.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1996
• Language: English
• ISBN 10: 0521481023
• ISBN 13: 9780521481021
• Binding: Hardcover
• Number of pages: 404