Top 3 Models of Voting Theory
This article throws light upon the top three models of voting theory. The models are: 1. The Optimal Constitution 2. The Bowen-Black Majority 3. Log Rolling-The Buchanan Tullock. Voting Theory: Model # 1. The Optimal Constitution: Provision of public good presupposes the co-operation of the citizens. Without mutual co-operation through a representative government or otherwise, the free rider problem will [...]