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Electoral Systems and the Balance of Consumer-Producer Power (Paperback)
Loot Price: R886
Discovery Miles 8 860
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Electoral Systems and the Balance of Consumer-Producer Power (Paperback)
Series: Cambridge Studies in Comparative Politics
Expected to ship within 10 - 15 working days
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This book investigates the effects of electoral systems on the
relative legislative and, hence, regulatory influence of competing
interests in society. Building on Ronald Rogowski and Mark Andreas
Kayser's extension of the classic Stigler-Peltzman model of
regulation, the authors demonstrate that majoritarian electoral
arrangements should empower consumers relative to producers.
Employing real price levels as a proxy for consumer power, the book
rigorously establishes this proposition over time, within the OECD,
and across a large sample of developing countries. Majoritarian
electoral arrangements depress real prices by approximately ten
percent, all else equal. The authors carefully construct and test
their argument and broaden it to consider the overall welfare
effects of electoral system design and the incentives of actors in
the choice of electoral institutions.
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