The Monopsony Power of the Median Voter  

Oleh:

Goff, Brian L. ; Tollison, Robert D.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Public Finance Review vol. 31 no. 2 (Mar. 2003), page 180-188.
Topik: median voter; monopsony; rents; government
Fulltext: 180PFR312.pdf (59.51KB)

Isi artikel

This article attempts to establish a link between voting theory and price theory. The median voter is characterized as a monopsonist who sets a price for the winning vote in an election. As such, the median voter can extract rents from the political sector as a function of the price of substitute winning voters, which in turn will depend on the distribution of voter preferences.

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