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Existence of voting-market equilibria |
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| Authors: | Arthur T. Denzau Robert P. Parks |
| Affiliation: | Virginia Polytechnic Institute and State University, Blacksburg, Virginia 24061 USA;CORE, and Department of Economics, Washington University, St. Louis, Missouri 63130 USA |
| Abstract: | We show the existence of an equilibrium in a model where private goods are allocated by markets and the public good (bad) is allocated by majority rule voting. |
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