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Efficient Rules in Highway Safety and Sports Activity
Why Democracies Produce Efficient Results
By applying the standard tools of microeconomic analysis, I argue that democratic markets work as well as economic markets. In particular, I show that previous work has greatly exaggerated the existence of principal-agent and informational problems in electoral markets and has drawn incorrect conclusions.
The Peak Income Hypothesis: An Econometric Reinvestigation
Nations and States: Mergers and Acquisitions; Dissolutions and Divorce
Why Democracies Produce Efficient Results
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.