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Contractual Democracy

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  • Gersbach Hans

    (CER-ETH - Center of Economic Research at ETH Zurich, Switzerland and CEPR)

Abstract

Recent contributions suggest that introducing political contracts could make liberal democracy more efficient without altering its fundamental values. Such contracts might foster the public ’s trust in politics. In this article, we review and structure the current state of affairs on Contractual Democracy. We discuss four archetypes of political contracts and ways of implementing them. We outline the certification and control procedures for political contracts, and address the major concerns arising with regard to Contractual Democracy.

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Bibliographic Info

Article provided by De Gruyter in its journal Review of Law & Economics.

Volume (Year): 8 (2012)
Issue (Month): 3 (December)
Pages: 823-851

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Handle: RePEc:bpj:rlecon:v:8:y:2012:i:3:p:823-851:n:8

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  1. Gersbach, Hans & Liessem, Verena, 2003. "Incentive Contracts and Elections for Politicians with Multi-Task Problems," CEPR Discussion Papers 4075, C.E.P.R. Discussion Papers.
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  8. Andreas Wagener, 2002. "Intergenerational Transfer Schemes as Incomplete Social Contracts," Constitutional Political Economy, Springer, vol. 13(4), pages 337-359, December.
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  16. Gersbach, Hans & Schneider, Maik, 2012. "Tax Contracts and Elections," CEPR Discussion Papers 9054, C.E.P.R. Discussion Papers.
  17. Hans Gersbach, 2004. "Competition of Politicians for Incentive Contracts and Elections," Public Choice, Springer, vol. 121(1), pages 157-177, October.
  18. Christoph Böhringer & Carsten Vogt, 2003. "Economic and environmental impacts of the Kyoto Protocol," Canadian Journal of Economics, Canadian Economics Association, vol. 36(2), pages 475-496, May.
  19. Markus Müller, 2007. "Motivation of politicians and long-term policies," Public Choice, Springer, vol. 132(3), pages 273-289, September.
  20. Gersbach, Hans & Haller, Hans, 2001. "Collective Decisions and Competitive Markets," Review of Economic Studies, Wiley Blackwell, vol. 68(2), pages 347-68, April.
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Citations

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Cited by:
  1. Johannes Gerd Becker & Hans Gersbach, 2013. "A Theory of Threshold Contracts," CER-ETH Economics working paper series 13/182, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  2. Gersbach, Hans & Schneider, Maik T., 2012. "Tax contracts, party bargaining, and government formation," Mathematical Social Sciences, Elsevier, vol. 64(2), pages 173-192.
  3. Gersbach, Hans, 2010. "Government Debt Threshold Contracts," CEPR Discussion Papers 8001, C.E.P.R. Discussion Papers.
  4. Peter Bernholz, 2012. "From The Calculus of Consent to extended logrolling, negative externalities, and the Coase theorem," Public Choice, Springer, vol. 152(3), pages 265-271, September.
  5. Gersbach, Hans & Ponta, Oriana, 2013. "Unraveling Short- and Farsightedness in Politics," CEPR Discussion Papers 9314, C.E.P.R. Discussion Papers.
  6. Hans Gersbach & Oriol Tejada & Maik T. Schneider, 2014. "Coalition-Preclusion Contracts and Moderate Policies," CER-ETH Economics working paper series 14/195, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.

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