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Vote buying in a stylized setting

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  • James Buchanan
  • Dwight Lee

Abstract

As we noted in the introduction, we do not propose to discuss possible implications for the real world of democratic politics that may be drawn from the highly stylized models of vote buying that we have analyzed in this paper. To the extent that economic, legal, or moral thresholds prevent the emergence of the purchase and sale of votes among persons who initially possess property rights in the collective franchise, our whole analysis is simply inapplicable. If, however, such thresholds serve only to inhibit but not to prevent totally the emergence of such markets, there should be some value in an analysis that embodies the zero transactions costs assumption. Copyright Martinus Nijhoff Publishers 1986

Suggested Citation

  • James Buchanan & Dwight Lee, 1986. "Vote buying in a stylized setting," Public Choice, Springer, vol. 49(1), pages 3-15, January.
    • Handle: RePEc:kap:pubcho:v:49:y:1986:i:1:p:3-15
    DOI: 10.1007/BF00163527
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    References listed on IDEAS

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    1. James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62(4), pages 334-334.
    2. James Coleman, 1968. "The marginal utility of a vote commitment," Public Choice, Springer, vol. 5(1), pages 39-58, September.
    3. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
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    Cited by:

    1. Hillman, Arye L. & Metsuyanim, Kfir & Potrafke, Niklas, 2015. "Democracy with group identity," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 274-287.
    2. Daniel J. Smith, 2020. "Turn-taking in office," Constitutional Political Economy, Springer, vol. 31(2), pages 205-226, June.
    3. James Buchanan & Viktor Vanberg, 1989. "A theory of leadership and deference in constitutional construction," Public Choice, Springer, vol. 61(1), pages 15-27, April.
    4. Mehmet Bac & Parimal Kanti Bag, 2002. "Committee Decisions with Partisans and Side-Transfers," Theory and Decision, Springer, vol. 52(3), pages 267-286, May.

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