Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

SelectedWorks

Ted C Bergstrom

Selected Works

Bowen equilibrium

Articles 1 - 1 of 1

Full-Text Articles in Social and Behavioral Sciences

Do Governments Spend Too Much?, Ted Bergstrom Jun 1979

Do Governments Spend Too Much?, Ted Bergstrom

Ted C Bergstrom

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.