Van Ypersele


The voting mechanism and market allocation: A noteJournal articleJean J. Gabszewicz et Tanguy van Ypersele, European Journal of Political Economy, Volume 12, Issue 4, pp. 723-727, 1996

An example is provided identifying a case of inefficiency arising from the interplay of the voting mechanism and the market mechanism.

Social protection and political competitionJournal articleTanguy van Ypersele et Jean J. Gabszewicz, Journal of Public Economics, Volume 61, Issue 2, pp. 193-208, 1996

This paper analyses how the level of social protection is determined when its choice depends on political competition. First this is done under autarky. Then the analysis is extended to take account of the existence of an international capital market. We show that social protection never increases under international competition and, in several circumstances, drastically decreases.