WHY ARE THERE DEMOCRACIES? A PRINCIPAL AGENT ANSWER

Many organizations operate by majority rule. Why? I consider elections as ways to aggregate information rather than ways to reconcile preferences. This is a principal-agent problem with many principals. Copyright 1990 Blackwell Publishers Ltd..

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Year of publication:	1990
Authors:	O'Flaherty, Brendan
Published in:	Economics and Politics. - Wiley Blackwell. - Vol. 2.1990, 2, p. 133-155
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008544381