Wrede M (2001)
Publication Language: English
Publication Type: Journal article
Publication year: 2001
Publisher: Elsevier
Book Volume: 17
Pages Range: 705-721
DOI: 10.1016/S0176-2680(01)00052-0
This papers analyzes the disciplining role of elections under asymmetric information, when voters can rely on relative performance evaluation to tame a Leviathan. When elections are held in different regions, voters are able to reduce political rents below the Leviathan level by retrospective voting strategies. The paper compares a multi-candidate model with a two-party system with either independent or coordinated policies in the various jurisdictions. In general, voters prefer the multi-candidate system. However, the disciplining ability of voters under the two-party system is strengthened if each party has a uniform leadership that determines policies in all regions.
APA:
Wrede, M. (2001). Yardstick Competition to Tame the Leviathan. European Journal of Political Economy, 17, 705-721. https://dx.doi.org/10.1016/S0176-2680(01)00052-0
MLA:
Wrede, Matthias. "Yardstick Competition to Tame the Leviathan." European Journal of Political Economy 17 (2001): 705-721.
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