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Democratic Rulemaking

John M. de Figueiredo and Edward H. Stiglitz

No 21765, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines to what extent agency rulemaking is democratic. It reviews theories of administrative rulemaking in light of two normative benchmarks: a “democratic” benchmark based on voter preferences, and a “republican” benchmark based on the preferences of elected representatives. It then evaluates how the empirical evidence lines up in light of these two approaches. The paper concludes with a discussion of avenues for future research.

JEL-codes: K0 K23 (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-law and nep-pol
Note: LE
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Published as de Figueiredo, John M., and Jed Stiglitz (2017). “Democratic Rulemaking,” in ed. Francesco Parisi, Oxford Handbook on Law and Economics, Chapter 3, Volume 3: 37-58.

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