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Why Democracies Produce Efficient Results

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Author Info
Wittman, Donald

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Abstract

By applying the standard tools of microeconomic analysis, the author argues that democratic markets work as well as economic markets. In particular, he shows that previous work has greatly exaggerated the existence of principal-agent and informational problems in electoral markets and has drawn incorrect conclusions. Copyright 1989 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 97 (1989)
Issue (Month): 6 (December)
Pages: 1395-1424
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Handle: RePEc:ucp:jpolec:v:97:y:1989:i:6:p:1395-1424

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This page was last updated on 2009-7-2.

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