INCENTIVE CONTRACTS FOR POLITICIANS AND BINDING ELECTION PROMISES: REFORM IDEAS FOR DEMOCRACY

Hans Gersbach

Economic Affairs, 2007, vol. 27, issue 3, 87-89

Abstract: Although they would yield social benefits, many political projects are not implemented in democracies. The ongoing debate on reforms around the world provides prominent examples: the reform of European labour markets or the reduction plans for greenhouse gases are cases in point. We suggest a number of improvements which would make liberal democracy more efficient without altering its founding values.

Date: 2007
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https://doi.org/10.1111/j.1468-0270.2007.00761.x

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