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An Economic Theory of Democracy
TLDR
Downs presents a rational calculus of voting that has inspired much of the later work on voting and turnout as discussed by the authors, particularly significant was his conclusion that a rational voter should almost never bother to vote.Abstract:
Downs presents a rational calculus of voting that has inspired much of the later work on voting and turnout. Particularly significant was his conclusion that a rational voter should almost never bother to vote. This conclusion, especially as elaborated on by Riker and Ordeshook (1968) has shifted the attention of modern political scientists from explaining why people don't vote to explaining why they do.read more
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The Three Worlds of Welfare Capitalism
TL;DR: In this paper, Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries, and argues that current economic processes such as those moving toward a post-industrial order are shaped not by autonomous market forces but by the nature of states and state differences.
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A Survey of Corporate Governance
TL;DR: The authors surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and presents a survey of the literature.
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A Survey of Corporate Governance
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: Corporate Governance as mentioned in this paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and shows that most advanced market economies have solved the problem of corporate governance at least reasonably well, in that they have assured the flows of enormous amounts of capital to firms, and actual repatriation of profits to the providers of finance.
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A Rational Theory of the Size of Government
Allan H Meltzer,Scott F. Richard +1 more
TL;DR: In a general equilibrium model of a labor economy, the size of government, measured by the share of income redistributed, is determined by majority rule as mentioned in this paper, where voters rationally anticipate the disincentive effects of taxation on the labor-leisure choices of their fellow citizens and take the effect into account when voting.
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A Theory of Competition Among Pressure Groups for Political Influence
TL;DR: In this article, the authors present a theory of competition among pressure groups for political influence, based on the efficiency of each group in producing pressure, the effect of additional pressure on their influence, the number of persons in different groups, and the deadweight cost of taxes and subsidies.