The Democracy Tax - Politicians' Ignorance and Voters' Lack of Information in a Democratic Contest, a Case Study from the Czech Republic

Vilem Cap (), Marek Feurich () and Martin Lukavec ()
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Vilem Cap: Prague University of Economics and Business
Marek Feurich: Prague University of Economics and Business
Martin Lukavec: Prague University of Economics and Business

International Journal of Social Sciences, 2024, vol. 13, issue 1, 13-32

Abstract: This paper highlights an important and neglected democracy limitation: voters make decisions based on incomplete information. This leads to inefficient or irrational decisions and applies to elections at all levels of the political system in the Western world. This paper shows that voting with incomplete information leads to the election of incompetent politicians. Testing of the Prague representatives has shown their lack of knowledge to perform their duties. The regression analysis performed does not show a statistically significant relationship between the representatives knowledge and their education or political experience. A possible solution is a sophisticated training system for elected candidates.

Keywords: democracy; limits of democracy; competence of politicians; inefficiency of governance; rational choice; information asymmetry; education (search for similar items in EconPapers)
JEL-codes: H11 I21 K10 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aop:jijoss:v:13:y:2024:i:1:p:13-32

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