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The Efficiency of Direct Democracy


  • Noam, Eli M


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  • Noam, Eli M, 1980. "The Efficiency of Direct Democracy," Journal of Political Economy, University of Chicago Press, vol. 88(4), pages 803-810, August.
  • Handle: RePEc:ucp:jpolec:v:88:y:1980:i:4:p:803-10

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    References listed on IDEAS

    1. J. E. Stiglitz, 1970. "A Consumption-Oriented Theory of the Demand for Financial Assets and the Term Structure of Interest Rates," Review of Economic Studies, Oxford University Press, vol. 37(3), pages 321-351.
    2. Reuben A. Kessel, 1965. "The Cyclical Behavior of the Term Structure of Interest Rates," NBER Books, National Bureau of Economic Research, Inc, number kess65-1, January.
    3. M. Nerlove & S. Wage, 1964. "On the Optimality of Adaptive Forecasting," Management Science, INFORMS, vol. 10(2), pages 207-224, January.
    4. Capozza, Dennis R & Cornell, Bradford, 1979. "Treasury Bill Pricing in the Spot and Futures Markets," The Review of Economics and Statistics, MIT Press, vol. 61(4), pages 513-520, November.
    5. Hamburger, Michael J & Platt, Elliott N, 1975. "The Expectations Hypothesis and the Efficiency of the Treasury Bill Market," The Review of Economics and Statistics, MIT Press, vol. 57(2), pages 190-199, May.
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    Cited by:

    1. Luís Francisco Aguiar & Pedro C. Magalhães, 2009. "How quorum rules distort referendum outcomes: evidence from a pivotal voter model," NIPE Working Papers 17/2009, NIPE - Universidade do Minho.
    2. Luís Aguiar-Conraria & Pedro Magalhães, 2010. "Referendum design, quorum rules and turnout," Public Choice, Springer, vol. 144(1), pages 63-81, July.
    3. Felix Arnold & Ronny Freier & Magdalena Pallauf & David Stadelmann, 2016. "Voting for direct democratic participation: evidence from an initiative election," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 23(4), pages 716-740, August.
    4. Gebhard Kirchgassner, 2002. "The effects of fiscal institutions on public finance: a survey of the empirical evidence," Chapters,in: Political Economy and Public Finance, chapter 9 Edward Elgar Publishing.
    5. Gebhard Kirchgässner, 2002. "Auswirkungen der direkten Demokratie auf die öffentlichen Finanzen: Empirische Ergebnisse für die Schweiz," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 138(IV), pages 411-426, December.
    6. Feld, Lars P. & Kirchgassner, Gebhard, 2000. "Direct democracy, political culture, and the outcome of economic policy: a report on the Swiss experience," European Journal of Political Economy, Elsevier, vol. 16(2), pages 287-306, June.
    7. Klaus Zimmermann & Tobias Just, 2000. "Interest Groups, Referenda, and the Political Process: On the Efficiency of Direct Democracy," Constitutional Political Economy, Springer, vol. 11(2), pages 147-163, June.
    8. Kirchgässner Gebhard, 2001. "Direkte Volksrechte und die Effizienz des demokratischen Staates," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 52(1), pages 155-174, January.
    9. Gebhard Kirchgässner, 2000. "Wirtschaftliche Auswirkungen der direkten Demokratie," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(2), pages 161-180, May.
    10. Felix Arnold & Ronny Freier & Magdalena Pallauf & David Stadelmann, 2014. "Voting for Direct Democracy: Evidence from a Unique Popular Initiative in Bavaria," Discussion Papers of DIW Berlin 1435, DIW Berlin, German Institute for Economic Research.

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