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. Copyright 1989 by University of Chicago Press.
When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:v:97:y:1989:i:6:p:1395-1424. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)
If references are entirely missing, you can add them using this form.