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The role of citizens' initiatives figures prominently in contemporary debates on constitutional change. It is widely believed that permitting initiatives should improve the congruence between citizen preferences and policy outcomes across the spectrum of issues on which initiatives may be...
Persistent link: https://www.econbiz.de/10010990839
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues the appointing politicians are responsible for. Since regulatory issues are not salient for most voters, regulatory policy...
Persistent link: https://www.econbiz.de/10005088976
Persistent link: https://www.econbiz.de/10005573353
The welfare economic method for analyzing the case for government intervention is often criticized for ignoring the political determination of policies. While many economists accept the thrust of this critique, exactly when and how political determination interferes with a welfare economic...
Persistent link: https://www.econbiz.de/10005580061
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues the appointing politicians are responsible for. Because voters have only one vote to cast and regulatory issues are not salient...
Persistent link: https://www.econbiz.de/10005814598
This paper studies the efficiency of policy choice in representative democracies. It extends the citizen-candidate model of democratic policy-making to a dynamic environment. Equilibrium policy choices are shown to be efficient in the sense that, in each period, conditional on future policies...
Persistent link: https://www.econbiz.de/10005820410
Persistent link: https://www.econbiz.de/10005820530
This paper takes a fresh look at the trade-off between centralized and decentralized provision of local public goods. The point of departure is to model a centralized system as one in which public spending is financed by general taxation, but districts can receive different levels of local...
Persistent link: https://www.econbiz.de/10005829798
The role of citizens' initiatives figures prominently in contemporary debates on constitutional change. A basic question is why are initiatives necessary in a representative democracy where candidates must already compete for the right to control policy? This paper offers one answer to this...
Persistent link: https://www.econbiz.de/10005718307
Persistent link: https://www.econbiz.de/10005314411