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Theoretical comparisons of electoral systems

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  • Myerson, Roger B.

Abstract

Elements of an economic theory of political institutions are introduced. A variety of electoral systems are reviewed. Cox's threshold is shown to measure incentives for diversity and specialization of candidates' positions, when the number of serious candidates is given. Duverger's law and its generalizations are discussed, to predict the number of serious candidates. Duberger's law is interpreted as a statement about electoral barriers to entry, and this idea is linked to the question of the effectiveness of democratic competition as a deterrent to political corruption. The impact ofpost-electoral bargaining on the party structure in presidential and parliamentary systems is discussed.
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Suggested Citation

  • Myerson, Roger B., 1999. "Theoretical comparisons of electoral systems," European Economic Review, Elsevier, vol. 43(4-6), pages 671-697, April.
  • Handle: RePEc:eee:eecrev:v:43:y:1999:i:4-6:p:671-697
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    References listed on IDEAS

    as
    1. Nicola Persico & Alessandro Lizzeri, 2001. "The Provision of Public Goods under Alternative Electoral Incentives," American Economic Review, American Economic Association, vol. 91(1), pages 225-239, March.
    2. repec:cup:apsrev:v:92:y:1998:i:03:p:611-621_21 is not listed on IDEAS
    3. Roger B. Myerson & Robert J. Weber, 1988. "A Theory of Voting Equilibria," Discussion Papers 782, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    4. repec:cup:apsrev:v:87:y:1993:i:04:p:856-869_10 is not listed on IDEAS
    5. Myerson Roger B., 1993. "Effectiveness of Electoral Systems for Reducing Government Corruption: A Game-Theoretic Analysis," Games and Economic Behavior, Elsevier, vol. 5(1), pages 118-132, January.
    6. Daniel Diermeier & Roger B. Myerson, 1995. "Lobbying and Incentives for Legislative Organization," Discussion Papers 1134, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Myerson, Roger B., 2002. "Comparison of Scoring Rules in Poisson Voting Games," Journal of Economic Theory, Elsevier, vol. 103(1), pages 219-251, March.
    8. repec:cup:apsrev:v:87:y:1993:i:01:p:102-114_09 is not listed on IDEAS
    9. repec:cup:apsrev:v:82:y:1988:i:02:p:405-422_08 is not listed on IDEAS
    10. Austen-Smith, David & Banks, Jeffrey, 1988. "Elections, Coalitions, and Legislative Outcomes," American Political Science Review, Cambridge University Press, vol. 82(02), pages 405-422, June.
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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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