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- W3136267370 abstract "This paper investigates the mix of public expenditures that maximizes the benefits derived from a given total budget. Using a model which permits the measuring of benefits from referendum-voting behavior, optimal budgets are found for different levels of individual income and education in Switzerland, and their changing composition is traced. The paper also derives the optimal budget for the jurisdiction as a whole, and compares the results with the actually existing budget. The findings show that about one half of the budget is optimally allocated, while the other one half appears to represent a social compromise rather than the imposition of the preferences of a particular income group." @default.
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- W3136267370 date "1979-06-01" @default.
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- W3136267370 title "THE OPTIMAL BUDGET" @default.
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- W3136267370 doi "https://doi.org/10.1086/ntj41862218" @default.
- W3136267370 hasPublicationYear "1979" @default.
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