have better information about the state of the world than voters. Three types of institutions are compared: direct … democracy, representative democracy, where politicians are accountable and independent agencies, where they are not. Low … democracy optimal, while the opposite configuration makes representative democracy optimal. Independent agencies are optimal for …

politicians have better information about the state of the world than voters. Three types of institutions are compared: direct … democracy; representative democracy, where politicians are accountable, and, lastly, independent agencies, where they are not … direct democracy optimal, while the opposite configuration makes representative democracy optimal. Independent agencies are …

have better information about the state of the world than voters. Three types of institutions are compared: direct … democracy, representative democracy, where politicians are accountable and independent agencies, where they are not. Low … democracy optimal, while the opposite configuration makes representative democracy optimal. Independent agencies are optimal for …

discussion of the pros and cons of direct democracy, the ability of direct democracy to help creating a European demos is …

fixed ex post, but this is what the Icelandic Parliament is at present trying to do, flirting with a farewell to democracy. …