Takings , Fiscal Illusion , and the Median Voter

  • Daniel M. Klerman
  • Published 2016
Schweizer (2017) provides a powerful and general way of using compensation payments to induce efficient actions. Its application to takings under fiscal illusion, however, is problematic. A better model would assume that the government decides to take property by considering effects on the median voter. Under that assumption, payments based on the market… (More)