Public Choice Theory ·
Concentrated Interest Beats Diffuse Majority
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.com · Buchanan-Tullock 1962 · 1 lobbyist with $311K beats 130M voters with $11 each
Voters
130M
Outcome
—
Beat
—
Special interest — concentrated benefit
Diffuse voters — small per-capita stake
Politician — utility from votes & donations
Winning legislation
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.com · Public Choice Theory