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Incentive Contracts For Politicians And Binding Election Promises: Reform Ideas For Democracy

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  • Hans Gersbach

Abstract

Although they would yield social benefits, many political projects are not implemented in democracies. The ongoing debate on reforms around the world provides prominent examples: the reform of European labour markets or the reduction plans for greenhouse gases are cases in point. We suggest a number of improvements which would make liberal democracy more efficient without altering its founding values.

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  • Hans Gersbach, 2007. "Incentive Contracts For Politicians And Binding Election Promises: Reform Ideas For Democracy," Economic Affairs, Wiley Blackwell, vol. 27(3), pages 87-89, September.
    • Handle: RePEc:bla:ecaffa:v:27:y:2007:i:3:p:87-89
    DOI: 10.1111/j.1468-0270.2007.00761.x
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    References listed on IDEAS

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    1. Nordhaus, William D, 1991. "To Slow or Not to Slow: The Economics of the Greenhouse Effect," Economic Journal, Royal Economic Society, vol. 101(407), pages 920-937, July.
    2. Gersbach, Hans & Kleinschmidt, Tobias, 2004. "Designing Democracies for Sustainability," CEPR Discussion Papers 4623, C.E.P.R. Discussion Papers.
    3. William D. Nordhaus, 2006. "After Kyoto: Alternative Mechanisms to Control Global Warming," American Economic Review, American Economic Association, vol. 96(2), pages 31-34, May.
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