Voting and Efficient Public Good Mechanisms

John Ledyard

in The Oxford Handbook of Political Economy

Published in print June 2008 | ISBN: 9780199548477
Published online September 2009 | e-ISBN: 9780191577437 | DOI:

Series: Oxford Handbooks of Political Science

Voting and Efficient Public Good Mechanisms

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This article discusses the processes for the allocation and financing of public goods. It first discusses markets and market processes. It explores whether there are any conditions under which voting processes are good mechanisms for the allocation of and taxing for public goods. It is determined that there are similar results for voting and public goods.

Keywords: allocation; financing; public goods; markets; market processes; voting processes; taxing

Article.  10931 words. 

Subjects: Political Economy ; Political Institutions

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