Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized … process. We suggest invigorating an old but nearly forgotten procedure to overcome this deficit: Aleatoric Democracy based on … considered. Persons and ideas, being so far disregarded, are taken into account. Democracy becomes vivid and creative, and does …

A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via …

Based on survey data for Switzerland, new empirical findings on direct democracy are presented. In the first part, we …

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …