Democratic Governance and Economic Performance How Accountability Can Go Too Far in Politics, Law, and Business /

• Main Author: Falaschetti, Dino (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York, NY : Springer New York, 2009.
• Series: Studies in Public Choice, 14
• Subjects: Organization.; Planning.; Political science.; Public finance.; Law and economics.; Economics.; Public Economics.; Political Science.; Law and Economics.

Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals – voters, consumers, shareholders – will favor themselves over the greater good when ‘rules of the game’ instead...

Table of Contents:

• A General Theory and Statistical Evidence
• Theory
• Natural Experiments
• Statistical Evidence
• Implications for Political Bureaucracy, Competition Law, and Business Organization
• Politics
• Law
• Business
• Conclusion.