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oaioai:doc.rero.ch:322433

Reelection threshold contracts in politics

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Publication date
18 June 2018
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Abstract

We propose to supplement the democratic election mechanism by threshold contracts. A threshold contract stipulates a performance level that a politician must reach in order to obtain the right to stand for reelection. "Read my lips” turns into "read my contract”. Politicians can offer threshold contracts during their campaigns. Equilibrium threshold contracts are welfare improving and do not violate the liberal principle of free and anonymous elections in democracie

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    oaioai:doc.rero.ch:322433
    Last time updated on 07/07/2018

    This paper was published in RERO DOC Digital Library.

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