The Size and Significance of the Pareto Set in Spatial Voting Models |
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Authors: | Holcombe Randall G. |
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Affiliation: | 1. Department of Economics, Florida State University, Tallahassee, FL, 32306-2180, U.S.A.
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Abstract: | The size of the Pareto set in the issue space of spatialvoting models is a function of the tax prices that voters arecharged. When all voters pay Lindahl prices for all goods, thePareto set collapses to a single point. The Pareto set can beenlarged by altering tax shares so they are further fromLindahl prices, and can be reduced by moving toward Lindahlpricing. A smaller Pareto set moves voters closer to consensuson issues, so reduces political decisionmaking costs and makesthe political system more stable. |
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