Why is an understanding of political competition essential for the
study of public economics and public policy generally? How can
political competition be described and understood, and how does it
differ from its strictly economic counterpart? What are the
implications of the fact that policy proposals in a democracy must
always pass a political test? What are the strengths and weaknesses
of electoral competition as a mechanism for the allocation of
economic resources? Why are tax structures in democratic polities
so complicated, and what implications follow from this for
normative views about good policy choice? How can the intensity of
political competition be measured, why and how does it vary in
mature democracies, and what are the consequences? This Element
considers how answers to these questions can be approached, while
also illustrating some of the interesting theoretical and empirical
work that has been done on them.
General
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