Starting from the two-stage model underlying constitutional political economy, this work suggests the introduction of a third stage with the aim of solving the problems, which under certain conditions arise in public goods market. These problems may be due to: a) a centralized institutional framework, and b) the impossibility to reach an agreement following the majority rule. The work addresses a completely neglected issue using a new approach centered around the concept of residuum of consent vis à vis the emergence of dissent and concludes that the contractarian logic may survive only by resorting consensually to a lottery which assures a random choice.

The Calculus of Dissent: Constitutional Completion and Public Goods / Eusepi, Giuseppe. - STAMPA. - 1(2002), pp. 213-236.

The Calculus of Dissent: Constitutional Completion and Public Goods

EUSEPI, Giuseppe
2002

Abstract

Starting from the two-stage model underlying constitutional political economy, this work suggests the introduction of a third stage with the aim of solving the problems, which under certain conditions arise in public goods market. These problems may be due to: a) a centralized institutional framework, and b) the impossibility to reach an agreement following the majority rule. The work addresses a completely neglected issue using a new approach centered around the concept of residuum of consent vis à vis the emergence of dissent and concludes that the contractarian logic may survive only by resorting consensually to a lottery which assures a random choice.
2002
Method and Morals in Constitutional Economics: Essays in Honor of James M .Buchanan
9783540419709
two-stage model; third stage; random choices
02 Pubblicazione su volume::02a Capitolo o Articolo
The Calculus of Dissent: Constitutional Completion and Public Goods / Eusepi, Giuseppe. - STAMPA. - 1(2002), pp. 213-236.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/166106
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