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Political future markets, in which investors bet on election outcomes, are often thought a recent invention. Such … back to 16th Century Italy, 18th Century Britain, and 19th Century United States. In the United States, election betting …
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Political future markets, in which investors bet on election outcomes, are often thought a recent invention. Such … back to 16th Century Italy, 18th Century Britain, and 19th Century United States. In the United States, election betting …
Persistent link: https://www.econbiz.de/10012464270
Contrary to modern democracies ancient Athens appointed large numbers of government officers by lot. After describing … the Athenian arrangements, the paper reviews the literature on the choice between election and lot focusing on …. It then examines why in drawing up the constitution a self-interested citizen may give up voting for government officials …
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