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Offers ways to overcome the problems that arise because voters, politicians and bureaucrats pursue selfish interests, rather than the general interest, in their political behaviour. It combines previously published ideas about charging people the costs of their political actions and selling insurance against unfavourable political outcomes. The book also includes new theorems about the mechanisms that are discussed, as well as a proposed constitution and its rationale.
Author Biography
NICOLAUS TIDEMAN is Professor of Economics at Virginia Polytechnic Institute and State University, USA.
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