DSpace Repository

The Composition of Government Expenditure with Alternative Choice Mechanisms

Show simple item record

dc.contributor.author Creedy, John
dc.contributor.author Moslehi, Solmaz
dc.date.accessioned 2012-09-23T21:43:36Z
dc.date.accessioned 2022-07-05T02:39:28Z
dc.date.available 2012-09-23T21:43:36Z
dc.date.available 2022-07-05T02:39:28Z
dc.date.copyright 2012
dc.date.issued 2012
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/18715
dc.description.abstract This paper investigates the choice of the composition of government expenditure using both positive and normative approaches. The former involves aggregation over selfish voters (simple majority voting and stochastic voting are examined), while the latter involves the choice by a single disinterested individual (considered to maximise a social welfare function). The approach allows direct comparisons of the choice mechanisms. The structures examined include a transfer payment combined with a pure public good, and a transfer payment with tax-financed education. Explicit solutions are obtained for the choice of expenditure components, and these are shown to depend on the proportional difference between the arithmetic mean and another measure of location of incomes, where the latter depends on the choice mechanism. In each case the expenditure composition depends on an inequality measure defined in terms of the proportional difference between a measure of location of the income distribution and the arithmetic mean, where the location measure depends on the decision mechanism. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Working Papers in Public Finance 2012 en_NZ
dc.subject Government expenditure en_NZ
dc.subject Majority voting en_NZ
dc.subject Stochastic voting en_NZ
dc.subject Public goods en_NZ
dc.subject Social welfare en_NZ
dc.title The Composition of Government Expenditure with Alternative Choice Mechanisms en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit Victoria Business School (Faculty of Commerce) en_NZ
vuwschema.subject.marsden 140213 Public Economics - Public Choice en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380113 Public economics - public choice en_NZ
dc.rights.rightsholder http://www.victoria.ac.nz/sacl en_NZ

Files in this item

This item appears in the following Collection(s)

Show simple item record

Search DSpace


My Account