E Book

Designing Democracy

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Incentive Contracts and Elections -- Overview -- Unobservability and Short-Termism in Long-Term Policies -- Short-Termism and Competition for Incentive Contracts -- Reelection Thresholds -- Effort Incentives and Monetary Rewards -- Limits to Incentive Contracts in Politics -- Rules for Decision-Making and Agenda Setting -- Overiview -- Examples for Agenda Rules -- Flexible Majority Rules -- Democratic Mechanisms -- Fair Division.While liberal democracies are the best systems of self-governance for societies, they rarely invoke great enthusiasm. On the one hand, democracies have been known to fail in achieving efficient or fair allocations. On the other hand, many citizens take the democratic system for granted as they have yet to experience an alternative. In this book the vision we propose is that the potential of democ­ racies has not yet been exhausted, and that optimal democracies are both the Utopia for societies and the aim that scientists should be committed to. We present a number of ideas for drawing up new rules to im­ prove the functioning of democracies. The book falls into two parts. The first part examines ways of combining incentive contracts with democratic elections. We suggest that a judicious combina­ tion of these two elements as a dual mechanism can alleviate a wide range of political failures, while at the same time adhering to the founding principles of democracies. The second part presents new rules for decision-making and agenda setting. Together with modern communication devices, these rules can sometimes transcend the limitations of liberal VI Preface democracies in achieving desirable outcomes. Examples of such rules include the flexible majority rule where the size of the ma­ jority required depends on the proposal, or the rule that only those belonging to the winning majority can be taxed.

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Ketersediaan

Tidak ada salinan data

Informasi Detail

Judul Seri

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No. Panggil

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Penerbit

Berlin, Heidelberg : Springer., 2005

Deskripsi Fisik

XI, 244 p.online resource.

Bahasa

English

ISBN/ISSN

9783540266983

Klasifikasi

336

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

1st ed.

Subjek

Political science.
Economic theory.
Economic Theory/Quantitative Economics/Mathematical Methods.
Economic policy.
Public finance.
Law and economics.
Public Economics.

Info Detail Spesifik

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Pernyataan Tanggungjawab

Hans A. Gersbach.

Versi lain/terkait

Lampiran Berkas

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