2007 | OriginalPaper | Buchkapitel
Introduction
Erschienen in: Endogenous Public Policy and Contests
Verlag: Springer Berlin Heidelberg
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The significance of a positive economic theory of public-policy determination for public economics has stimulated several attempts to provide such a theory. A comprehensive survey of these attempts appears in Persson and Tabellini (2000). These endeavors were based on different approaches that had to face the challenge of taking into account economic as well as political factors. Regardless of the institutional and political setting, such factors seem to be essential to the plausibility of such a theory.