Self-Harming, Irrational Voters and disaster prevention/relief spending
Bryan Caplan links to some empirical research showing that voters reward politicians for less efficient disaster relief spending rather than for more efficient disaster prevention spending, which harms ... voters, of course.
http://econlog.econlib.org/archives/2008/07/disastrous_voti.html
The harm is spread out among both voters and non-voters. If it was restricted to voters, that would be an incentive not to vote, which would improve things.
Posted by: TGGP | July 15, 2008 at 08:29 PM
TGGP, I think that's an obvious point that's useless to point out right now. Distinguish between efficiency of writing and errors that warp meaningful analysis.
Posted by: Hopefully Anonymous | July 16, 2008 at 12:06 AM