Abstract
In the public choice literature, different models of government’s response to voters’ demand have been developed. The purpose of this chapter is to discuss the unfunded obligation issue within the public choice framework, using the median voter approach, which is widely considered to be one of the most important developments in this field. Another leading approach, the interest group theory, will be investigated in chapter 6.
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© 1990 Kluwer Academic Publishers
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Rizzo, I. (1990). Public choice implications of unfunded debt. In: The ‘Hidden’ Debt. Financial and Monetary Policy Studies, vol 19. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1958-7_5
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DOI: https://doi.org/10.1007/978-94-009-1958-7_5
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7375-2
Online ISBN: 978-94-009-1958-7
eBook Packages: Springer Book Archive