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  Individual preferences and the demand for military expenditure
 
 
Title: Individual preferences and the demand for military expenditure
Author: Throsby, David
Withers, Glenn A.
Appeared in: Defence & peace economics
Paging: Volume 12 (2001) nr. 2 pages 87-102
Year: 2001
Contents: Whose preferences determine the tradeoff between security and civilian output in deciding upon budget allocations to defence? This paper considers the role that consumer preferences might play in influencing military spending. We propose normative criteria to judge the economic or political efficiency of defence provision at a given time, and test them using Australian survey-based micro-data. Our results suggest that the political system has not delivered a simple social-choice translation of individual preferences into collective outcomes, nor has it delivered results consistent with simple majority-voting median preferences.
Publisher: Routledge
Source file: Elektronische Wetenschappelijke Tijdschriften
 
 

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