The Theory of `Internal Exit', a comment on Buchanan and Faith (1987)

Abstract : The purpose of this note is to correct an error in the seminal article on secession by Buchanan and Faith (1987). In their paper, Buchanan and Faith neglected an important effect: political separation affects markets and consequently individual private incomes.
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Submitted on : Tuesday, January 18, 2011 - 5:07:21 PM
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Grégoire Rota-Graziosi. The Theory of `Internal Exit', a comment on Buchanan and Faith (1987). 2011. ⟨halshs-00557218⟩

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