Electoral systems and the balance of consumer-producer power:

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 th...

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Bibliographic Details
Main Author: Chang, Eric C. C. 1971- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2011
Series:Cambridge studies in comparative politics
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Online Access:BSB01
UBG01
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Summary: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
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (262 pages)
ISBN:9780511761423
DOI:10.1017/CBO9780511761423

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