John M. de Figueiredo and
Edward H. Stiglitz
No 21765, NBER Working Papers from National Bureau of Economic Research, Inc
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)
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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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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:21765
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