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This book offers ways to overcome problems that arise because voters, politicians and bureaucrats pursue selfish interests rather than the general interest in their political behaviour. It combines previously published ideas about charging people the costs of their political actions and selling insurance against unfavourable political outcomes, with new ideas about competing legislatures and incentives for generating efficient political outcomes. The book includes new theorems about the mechanisms that are discussed, as well as a proposed constitution and its rationale.
Published by: Palgrave Macmillan
Publication Date: 2001-04-10
Format: Paperback
ISBN-13: 9781349404193
DOI: 10.1057/9780230287792
Dimensions: 216cm x140cm
Pages: 310