| Competitive Governments: An Economic Theory of Politics and Public Finance Contributor(s): Breton, Albert (Author) |
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ISBN: 0521646286 ISBN-13: 9780521646284 Publisher: Cambridge University Press OUR PRICE: $44.64 Product Type: Paperback - Other Formats Published: September 1998 Annotation: 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. |
| Additional Information |
| BISAC Categories: - Business & Economics | Public Finance - Business & Economics | Economics - Theory - Business & Economics | Economic History |
| Dewey: 336 |
| Physical Information: 0.82" H x 6.06" W x 9.01" (1.22 lbs) 404 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This is a systematic exploration of the hypothesis that governments are internally competitive, that they are competitive in their relations with each other and in their relations with other institutions in society which, like them, supply consuming households with goods and services. The author contends that competition not only serves to bring the political system to an equilibrium, but 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 tax prices paid for these goods and services. In the real world where information is costly, the links may not be perfect, Breton argues, but they will be efficient if competition is vigorous. |