This paper proposes a normative theory of constitutional rules. The first-best cannot be achieved whenever constitutional rules cannot be made contingent on information about the costs and benefits of policy reforms. We characterize and welfare rank four classes of second best constitutions: constitutions that specify one rule for all types of decisions; constitutions that provide incentives for information about costs and benefits to be revealed; constitutions that allow for vetoes from interested parties and constitutions that specify different rules for different policy areas. In addition, we provide conditions for the existence of amendment rules that allow for changes to the original constitutional rules after the constitutional stage. Finally, we provide a new rationale for the existence of checks and balances.
|Date of creation:||Sep 2004|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 0117 33 10799
Fax: 0117 33 10705
Web page: http://www.bris.ac.uk/cmpo/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Aghion, Philippe & Bolton, Patrick, 2003.
"Incomplete Social Contracts,"
4554123, Harvard University Department of Economics.
- Davide Ticchi & Andrea Vindigni, 2002.
Economics Working Papers
896, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2005.
- Aghion, Philippe & Alesina, Alberto & Trebbi, Francesco, 2004.
"Endogenous Political Institutions,"
4481498, Harvard University Department of Economics.
- Philippe Aghion & Alberto Alesina & Francesco Trebbi, 2002. "Endogenous Political Institutions," NBER Working Papers 9006, National Bureau of Economic Research, Inc.
- Philippe Aghion & Albero Alesina & Francesco Trebbi, 2002. "Endogenous Political Institutions," Harvard Institute of Economic Research Working Papers 1957, Harvard - Institute of Economic Research.
- Aghion, Philippe & Alesina, Alberto F & Trebbi, Francesco, 2002. "Endogenous Political Institutions," CEPR Discussion Papers 3473, C.E.P.R. Discussion Papers.
- Gersbach, Hans, 2005.
"Democratic Mechanisms: Double Majority Rules and Flexible Agenda Costs,"
CEPR Discussion Papers
5013, C.E.P.R. Discussion Papers.
- Hans Gersbach, 2002. "Democratic Mechanisms: Double Majority Rules and Flexible Agenda Costs," CESifo Working Paper Series 749, CESifo Group Munich.
- Salvador Barberà & Matthew O. Jackson, 2000.
"Choosing How to Choose: Self-Stable Majority Rules and Constitutions,"
57, Barcelona Graduate School of Economics.
- Salvador Barbera & Matthew O. Jackson, 2004. "Choosing How to Choose: Self-Stable Majority Rules and Constitutions," The Quarterly Journal of Economics, MIT Press, vol. 119(3), pages 1011-1048, August.
- Jackson, Matthew O. & Barbera, Salvador, 2002. "Choosing How Choose: Self-Stable Majority Rules," Working Papers 1145, California Institute of Technology, Division of the Humanities and Social Sciences.
- Salvador BARBER?Author-Email: email@example.com & Matthew O. JACKSON, 2003. "Choosing How to Choose: Self-Stable Majority Rules and Constitutions," UFAE and IAE Working Papers 596.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Salvador Barbera & Matthew O. Jackson, 2002. "Choosing How to Choose: Self Stable Majority Rules," Microeconomics 0211003, EconWPA.
- Oliver Hart & John Moore, 1998.
"Foundations of incomplete contracts,"
LSE Research Online Documents on Economics
19354, London School of Economics and Political Science, LSE Library.
- Oliver Hart & John Moore, 1998. "Foundations of Incomplete Contracts," NBER Working Papers 6726, National Bureau of Economic Research, Inc.
- Oliver Hart & John Moore, 1998. "Foundations of Incomplete Contracts," Harvard Institute of Economic Research Working Papers 1846, Harvard - Institute of Economic Research.
- Giovanni Maggi & Massimo Morelli, 2003.
"Self Enforcing Voting in International Organizations,"
NBER Working Papers
10102, National Bureau of Economic Research, Inc.
- Giovanni Maggi & Massimo Morelli, 2006. "Self-Enforcing Voting in International Organizations," American Economic Review, American Economic Association, vol. 96(4), pages 1137-1158, September.
- Mueller, Dennis C, 1991. "Constitutional Rights," Journal of Law, Economics and Organization, Oxford University Press, vol. 7(2), pages 313-33, Fall.
- Torsten Persson & Gerard Roland & Guido Tabellini, .
"Separation of Powers and Political Accountability,"
100, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Matthias Messner & Mattias K. Polborn, 2004.
"Voting on Majority Rules,"
Review of Economic Studies,
Wiley Blackwell, vol. 71(1), pages 115-132, 01.
- Giovannoni, Francesco, 2003. " Amendment Rules in Constitutions," Public Choice, Springer, vol. 115(1-2), pages 37-61, April.
- Voigt, Stefan, 1997. " Positive Constitutional Economics: A Survey," Public Choice, Springer, vol. 90(1-4), pages 11-53, March.
When requesting a correction, please mention this item's handle: RePEc:bri:cmpowp:04/109. 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: ()
If references are entirely missing, you can add them using this form.