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The paper studies the relative merits of direct and representative legislation in a setting where voters are uncertain both with respect to the likely consequences of different policies and with respect to the political preferences of their fellow citizens. Under representative legislation, the...
Persistent link: https://www.econbiz.de/10010317654
The paper studies the relative merits of direct and representative legislation in a setting where voters are uncertain both with respect to the likely consequences of different policies and with respect to the political preferences of their fellow citizens. Under representative legislation, the...
Persistent link: https://www.econbiz.de/10005032204
The Paper studies the relative merits of direct and representative legislation in a setting where voters are uncertain both with respect to the likely consequences of different policies and with respect to the political preferences of their fellow citizens. Under representative legislation, the...
Persistent link: https://www.econbiz.de/10005791286
This paper focuses on indivisible multiple-costsingle-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10003847080
This paper focuses on indivisible multiple-cost–single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10003845920
Persistent link: https://www.econbiz.de/10002679247
Persistent link: https://www.econbiz.de/10001553482
Persistent link: https://www.econbiz.de/10001775749
involving a sample group. These mechanisms reflect the principles of liberal democracy, are procedurally efficient, and involve …
Persistent link: https://www.econbiz.de/10012994342
This paper focuses on indivisible multiple-cost-single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10013159507