Redesigning democracy : more ideas for better rules /: more ideas for better rules. ([2017])

• Record Type: Book
• Further Information: Note: Hans Gersbach.
• Authors: Gersbach, Hans
• Contents: Preface; Contents; Part I Contractual Democracy; 1 Introduction to Part I; 1.1 A Metaphor?; 1.2 Political Contract: Definition; 1.3 Does Any Campaign Promise Qualify as Contract Matter?; 1.4 Punishment and Rewards; 1.5 Renegotiation -- Negative Effects; 1.6 Retrospect and New Developments; 1.7 Background; References; 2 Retrospect -- Competition of Politicians for Incentive Contracts; 2.1 Background; 2.2 Introduction; 2.3 Model and Assumptions; 2.4 Elections; 2.5 Competition for the Incentive Contracts; 2.6 Competition Without Commitment; 2.7 Asymmetric Information. 2.8 Discussion and ConclusionReferences; 3 Vote-share Contracts Without Signaling of Competence; 3.1 Background; 3.2 Introduction; 3.3 The Model; 3.3.1 Agents; 3.3.2 Policies; 3.3.3 Utilities; 3.3.4 Parameter Assumptions; 3.3.5 The Overall Game; 3.3.6 Assumptions and Equilibrium Concept; 3.4 Elections Alone; 3.4.1 The Second Period; 3.4.2 The First Period; 3.5 Vote-share Contracts; 3.5.1 Vote-shares as Political Contracts; 3.5.2 The Second and First Period; 3.5.3 Competition for Vote-share Contracts and Welfare; 3.6 Extensions and Ramifications; 3.6.1 Incumbency Advantages. 3.6.2 Ramifications and Applications3.7 Conclusion; References; 4 Vote Thresholds With Signaling of Competence; 4.1 Background; 4.2 Introduction; 4.3 The Model; 4.3.1 Agents; 4.3.2 Policies; 4.3.3 Utilities; 4.3.4 Parameter Assumptions; 4.3.5 The Overall Game; 4.3.6 Assumptions and Equilibrium Concept; 4.4 Elections Alone; 4.4.1 The Second Period; 4.4.2 The First Period; 4.5 Vote-share Thresholds; 4.5.1 The First Period; 4.5.2 Welfare Properties; 4.5.3 Welfare Impact of Higher Vote Thresholds; 4.5.4 Competition for Vote Thresholds; 4.6 Extensions, Applications and Generalizations. 4.6.1 Further Incumbency Advantages4.6.2 Learning by Doing; 4.6.3 Alternative Election Procedures; 4.6.4 Repeated Competition With Vote Thresholds; 4.6.5 Generalizations of the Model; 4.7 Conclusion; References; 5 Information Markets, Elections and Threshold Contracts; 5.1 Background; 5.2 Introduction; 5.3 The Basic Model; 5.3.1 The Election Framework; 5.3.2 The Information Structure; 5.3.3 Reelection Schemes; 5.3.4 Preferences of Politicians; 5.3.5 Summary and Welfare Criterion; 5.4 Elections Only; 5.4.1 Behavior of Dissonant Politicians; 5.4.2 Behavior of Congruent Politicians. 5.5 The Triple Mechanism5.5.1 Reelection Thresholds; 5.5.2 Reelection Schemes; 5.5.3 Summary; 5.5.4 Robust Election Scheme; 5.5.5 Equilibrium Notion; 5.5.6 Equilibria; 5.6 Extensions, Robustness and Pitfalls; 5.6.1 Monotonic Election Scheme and Overpromising; 5.6.2 Sophisticated Election Scheme; 5.6.3 Market-Based Voting; 5.6.4 Repeated Action; 5.6.5 More Candidates; 5.6.6 Manipulations; 5.7 Conclusion; References; 6 Limits of Contractual Democracy -- Competition for Wages and Office; 6.1 Background; 6.2 Introduction; 6.3 The Model; 6.3.1 The Set-Up; 6.3.2 Assumptions and Economic Problem.
• Publisher Details: Cham, Switzerland : Springer
• Publication Date: 2017
• Copyright Date: 2017
• Extent: 1 online resource
• Subjects: 321.80151; Economics; Democracy -- Mathematical models; Elections; Management science; Welfare economics; Democracy; Public finance; Political economy; Economic theory; Law and economics; POLITICAL SCIENCE -- General; Democracy -- Mathematical models; Elections; Political Science -- Political Ideologies -- Democracy; Business & Economics -- Public Finance; Political Science -- Economic Conditions; Business & Economics -- Economics -- Theory; Law -- Commercial -- General; Political structures: democracy; Public finance; Political economy; Economic theory & philosophy; International economic & trade law; Economics; Social Choice/Welfare Economics/Public Choice; Democracy; Public Economics; Political Economy; Economic Theory/Quantitative Economics/Mathematical Methods; Law and Economics; Electronic books
• Languages: English
• ISBNs: 9783319534053
• Related ISBNs: 331953405X; 9783319534046; 3319534041
• Notes: Note: Includes bibliographical references.; Note: Online resource; title from PDF title page (EBSCO, viewed April 12, 2017).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.