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The Calculus of Consent: Why do we vote?
29/11/2018
(Co-authored with Lekha Chakraborty)
Does democracy determine public expenditure decisions? With Nobel laureate Hurwicz’s revelation that it is impossible to have simultaneously a balanced budget, Pareto optimality (“you are better off without making anyone worse off”) and an incentive compatibility between Government and the citizens, we turn to pose ...
