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When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for...
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quality of democracy. However, there is a non-negligible share of democracies that implement a minority-backed amount of …
Persistent link: https://www.econbiz.de/10010461269
This paper presents a general equilibrium model of conflict based on a world populated by representative democracies. At the individual state level, when information regarding a leader's ability to defend the state against unavoidable conflict is va luable to voters, an incumbent leader seeking...
Persistent link: https://www.econbiz.de/10009781696
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 …
Persistent link: https://www.econbiz.de/10011571480
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with different intensities of democracy. Specifically, we consider the implications of political (dis)parity between the … unified framework to study the direct and indirect effects of democracy by combining state capacity investment and …
Persistent link: https://www.econbiz.de/10012137754
In "The Missionary Roots of Liberal Democracy", Robert D. Woodberry (2012) claims that the emergence of stable … alternative democracy measures and extend the time period over which the democracy measures are averaged. These two simple … development of democracy, which raises concerns about the robustness and broader applicability of Woodberry's findings. We discuss …
Persistent link: https://www.econbiz.de/10012170274
We show that an institutional change designed expressly to heighten competition for the provision of union services can have a substantial effect on unionization and employment relations. We study a French reform of 2008 that introduced mandatory elections for representation of workers at firm,...
Persistent link: https://www.econbiz.de/10012213011
The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...
Persistent link: https://www.econbiz.de/10011788763