Article
Do Governments Spend Too Much?
National Tax Journal
(1979)
Abstract
This paper extends Bowen's theorem on the efficiency of majority-chosen public expenditures. It also discusses situations under which majority rule is likely to lead to inefficient outcomes.
Keywords
- majority voting,
- government expenditure,
- Bowen equilibrium,
- Single-peaked preferences
Disciplines
Publication Date
June, 1979
Citation Information
Ted Bergstrom. "Do Governments Spend Too Much?" National Tax Journal Vol. 32 Iss. 2 (1979) Available at: http://works.bepress.com/ted_bergstrom/32/