Question
. How is voting with feet relevant in context of provision of local public goods? Discuss.
Voting with feet, also known as foot voting or spatial voting, refers to the concept of individuals "voting" for their preferred public goods or services by choosing where to live or locate themselves. It is a form of voting that occurs through voluntary migration or mobility, where individuals make decisions based on their preferences for the provision of local public goods. This concept is particularly relevant in the context of local public goods, which are goods or services that are non-excludable and non-rivalrous, primarily benefiting a specific geographic area or community.
In the context of local public goods, voting with feet can have significant implications for the provision and quality of these goods. Here are some key points to consider:
Competition among jurisdictions: Voting with feet creates competition among jurisdictions, as individuals can choose to move to areas that offer better local public goods or services. When individuals have mobility and can relocate freely, they are more likely to choose communities that provide desirable amenities, infrastructure, education, healthcare, and other local public goods. This competition ________ __________ _____ __________ _______ ____ _________.
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. How is voting with feet relevant in context of provision of local public goods? Discuss.
Problem of free riding
Analyse the impact of internal public debt on the economy.
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