Competitive Governments: An Economic Theory of Politics and Public Finance

Breton, Albert

ISBN 10: 0521646286 ISBN 13: 9780521646284
Published by Cambridge University Press, 1998
Used Soft cover

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Synopsis:

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

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.

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Bibliographic Details

Title: Competitive Governments: An Economic Theory ...
Publisher: Cambridge University Press
Publication Date: 1998
Binding: Soft cover
Condition: good

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