Tullock

Proper noun

Meaning

Tullock (plural Tullocks)

A surname.

Examples

An individual may effectually, but imperfectly, "sell" his vote on a particular issue to, in return, secure votes from other individuals on behalf of legislation he prefers (Buchanan and Tullock 1962 ). Source: Internet

Logrolling to reach the optimal decision Decisions reach an optimum only when they are unanimous, when votes are not coerced and everyone has veto power (Buchanan and Tullock 1962 ). Source: Internet

He will exchange his vote for his fellow legislators’ bills to promote, for instance, the construction of new hospitals and the increase of veteran's benefits, in return for their votes to repair the road (Buchanan and Tullock 1962 ). Source: Internet

In America, political and economic decisions are usually made by politicians elected to legislative assemblies, and not directly by the citizenry (Buchanan and Tullock 1962 ). Source: Internet

In short, other taxpayers will pay for the policy even if it does not affect them (Buchanan and Tullock 1962 ). Source: Internet

Logrolling depends on the reality that the marginal benefit (or utility) of at least some elected officials, or the citizenry, will increase when the legislation is passed (Buchanan and Tullock 1962 ). Source: Internet

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