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The Voting Mechanism and Market Allocation : A Note

Author

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  • GABSZEWICZ, Jean J.

    (CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium)

  • VAN YPERSELE , Tanguy

    (CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium)

Abstract

An example is provided identifying a case of inefficiency arising from the interplay of the voting mechanism and the market mechanism.

Suggested Citation

  • GABSZEWICZ, Jean J. & VAN YPERSELE , Tanguy, 1995. "The Voting Mechanism and Market Allocation : A Note," LIDAM Discussion Papers CORE 1995017, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1995017
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    References listed on IDEAS

    as
    1. Gabszewicz, J. J. & van Ypersele, T., 1996. "Social protection and political competition," Journal of Public Economics, Elsevier, vol. 61(2), pages 193-208, August.
    2. Shepsle, Kenneth A. & Weingast, Barry R., 1984. "Political Solutions to Market Problems," American Political Science Review, Cambridge University Press, vol. 78(2), pages 417-434, June.
    3. Mayer, Wolfgang, 1984. "Endogenous Tariff Formation," American Economic Review, American Economic Association, vol. 74(5), pages 970-985, December.
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