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This definitive Encyclopedia explores the core ideas of public choice theory, including rational choice, algorithmic fairness and political budget cycles. Adopting an interdisciplinary approach, entries cover both empirical and philosophical principles in the field.

Leading experts discuss how anarchy, apartheid and terrorism impact public choice, debating the knowledge and rationality of voters. They present key theoretical concepts, such as Arrow's Theorem, the Coase Theorem and the Seat Production Model, as well as attitudes towards globalization and democratic decline. Entries analyze electoral competitiveness and methodological individualism in relation to current paradigms of capitalism and social contagion. Contributors further demonstrate the role of socioeconomic factors such as gender and domestic income on public choice, shedding light on the importance of bribery, debt, political economies and public-sector efficiency.

The Elgar Encyclopedia of Public Choice is a valuable resource for students and scholars in economics, political science and public finance that wish to broaden their knowledge in voting policy and governance. Its focus on institutional effectiveness and policy design also make it an enlightening read for economists and public policy professionals.

Key Features:

• A diverse range of international experts
• Examines how economics and politics influence each other in real-world settings
• Provides forward-thinking insights into political behavior, corruption, election cycles and policy-making