Espinosa, Romain - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 3, pp. 463-489
Although democracy is today the most common form of government, the Law and Economics literature has neglected for a long time the role of social preferences in lawmaking. This article aims at capturing the endogenous process of lawmaking: in democracies, people partly determine the law they...