Publication details
Discussing effects of direct democracy institutions on mitigation of basic political market failures with emphasis on local level
| Authors | |
|---|---|
| Year of publication | 2007 |
| Type | Article in Proceedings |
| Conference | Sborník z mezinárodní vědecké konference: 2nd Central European Conference in Regional Science |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | economic policy; direct democracy; political-business cycle; rent seeking behaviour |
| Description | Referenda and initiatives are the means to stabilize the political business cycles and to break the politicians' coalition against the voters by destroying their monopoly on agenda setting and decision-making and by shrinking informational advantage of the "classe politique" and well-organized interest groups. Special attention is devoted to the mentioned effects on the quality of political competition on municipal level. |
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