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This research was supported by National Science Foundation Grant GS-3246. I am particularly grateful for a helpful comment from William Holahan. I also appreciate helpful comments from Stephen Barro, Gary Becker, William Brock, William Niskanen, and George Stigler.
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Barro, R.J. The control of politicians: An economic model. Public Choice 14, 19–42 (1973). https://doi.org/10.1007/BF01718440
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DOI: https://doi.org/10.1007/BF01718440