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題名 Minimum Winning verus Oversized Coalitions in Public Finance: The Role of Uncertainty
作者 Tsai,Tsung-Sheng; Yang,C. C.
貢獻者 政大財政系
日期 2010-02
上傳時間 26-Aug-2013 16:11:03 (UTC+8)
摘要 This paper extends Persson et al.’s (J Polit Econ 108:1121–1161, 2000) simple legislature in the context of public finance with certainty to uncertainty. In our uncertain world, oversized coalitions (OSCs) as well as minimum winning coalitions (MWCs) may arise in equilibrium, and the agenda setter’s proposed policy may fail to receive a majority support. This is in marked contrast to the certain world, in which only MWCs can arise in equilibrium and the agenda setter’s proposal never fails to pass. When OSCs arise, we show that both public good provision and redistribution are likely to achieve their first-best solution, even if the legislature is simple.
關聯 Social Choice and Welfare, 34(2), 345-361
資料類型 article
DOI http://dx.doi.org/10.1007/s00355-009-0400-x
dc.contributor 政大財政系en_US
dc.creator (作者) Tsai,Tsung-Sheng; Yang,C. C.en_US
dc.date (日期) 2010-02en_US
dc.date.accessioned 26-Aug-2013 16:11:03 (UTC+8)-
dc.date.available 26-Aug-2013 16:11:03 (UTC+8)-
dc.date.issued (上傳時間) 26-Aug-2013 16:11:03 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/59157-
dc.description.abstract (摘要) This paper extends Persson et al.’s (J Polit Econ 108:1121–1161, 2000) simple legislature in the context of public finance with certainty to uncertainty. In our uncertain world, oversized coalitions (OSCs) as well as minimum winning coalitions (MWCs) may arise in equilibrium, and the agenda setter’s proposed policy may fail to receive a majority support. This is in marked contrast to the certain world, in which only MWCs can arise in equilibrium and the agenda setter’s proposal never fails to pass. When OSCs arise, we show that both public good provision and redistribution are likely to achieve their first-best solution, even if the legislature is simple.en_US
dc.language.iso en_US-
dc.relation (關聯) Social Choice and Welfare, 34(2), 345-361en_US
dc.title (題名) Minimum Winning verus Oversized Coalitions in Public Finance: The Role of Uncertaintyen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1007/s00355-009-0400-xen_US
dc.doi.uri (DOI) http://dx.doi.org/10.1007/s00355-009-0400-xen_US