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able Able and Baker allocated alternative American analysis Assume Baker behavior bureaucrats campaign candidates capital citizens competitive Congress constitutional consumers consumption corporate d'Hondt method decisions decrease demand curve democracy discount rate districts Droop quota economic economists efficient election eliminated example expenditures farmers federal finance firms free rider free rider problem future Hence incentive income increase individuals industry interest rate issues legislation legislature less marginal benefits marginal cost marginal evaluation market price median voter ment million monopoly number of voters obtain opportunity cost outcome Pareto optimality percent political market political parties politicians polls position preference rankings present value private market problem produce profits proportional representation public choice quantity rational ignorance received rent controls rent-seeking rent-seeking activities representatives Republican result revenue rules seats shirts single transferable vote social submarines subsidies theory tion United voting system welfare