| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 884634 | Journal of Economic Behavior & Organization | 2008 | 11 Pages |
Abstract
Selection of efficient institutions or policies in politics requires constituents to estimate the net benefits of political reforms. Political competition fails to inform constituents of the costs of forgone political alternatives. Ignorance of ‘political opportunity costs’ prevents the adoption of welfare enhancing reforms of public institutions and policies. The empirical record supports this contention.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
D.W. MacKenzie,