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Reversal of Fortune: the politics and economics of the superconducting supercollider
Public Choice (1999)
  • Atin Basu Choudhary, Virginia Military Institute
  • Paul Pecorino, University of Alabama - Tuscaloosa
  • William F. Shughart, II
Abstract

Congress approved the superconducting supercollider but later cut all funding after construction of the project had begun. We claim that this reversal was due, in part, to a problem of time inconsistency. Representatives from states in contention to receive the project had an incentive to support it early in the process. Once Texas was chosen as the SSC site, the other contender states had a greatly diminished incentive to continue to support it. Our empirical results show that the probability of switching from "for" to "against" the project is significantly higher for representatives from the former contender states.

Keywords
  • legislation,
  • logrolling,
  • superconducting super collider,
  • time inconsistency
Publication Date
1999
Citation Information
Atin Basu Choudhary, Paul Pecorino and William F. Shughart. "Reversal of Fortune: the politics and economics of the superconducting supercollider" Public Choice Vol. 100 (1999)
Available at: http://works.bepress.com/atinbasu/19/