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Glazer, Amihai; Konrad, Kai A. (1993): The evaluation of risky projects by voters. In: Journal of Public Economics, Vol. 52, No. 3: pp. 377-390
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The results of a public project can change the attitudes of voters towards subsequent public projects. The dynamic inconsistency problems which arise can make voters oppose risky projects, favor projects expected to benefit a minority, and favor income redistribution. © 1993.