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International Studies in Economics and Econometrics

Preferences and Democracy

Villa Colombella Papers

Editors: Breton, A., Galeotti, P., Salmon, P., Wintrobe, R. (Eds.)

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About this book

I. Until about a dozen years ago, the economic analysis of the relationship between political preferences and political demands was a rather straightforward, if dull, subject. The most common assumption was that the only political instrument available to citizens was the vote. Given this assumption, the analyst could express the outcome of the voting process in one of two ways. One possibility was to make the heroic assumptions necessary to obtain the median voter theorem, in which case, the political demands of the citizenry are simply the preferences of the median voter. The alternative was to make Arrow's Impossibility Theorem in which case even though individual preferences are well ordered, no collective preference function exists. On either of these approaches, institutions such as interest groups, political parties, or the structures ofpolitical representation played no role in the analysis. The work of "Chicago" scholars especially George Stigler, Gary Becker and Sam Peltzman took a different approach and emphasized the importanceoforganizationinmakingpoliticaldemandseffective, shifting thefocus from voting topolitical "pressure" byinterestgroups. However, in these models, voting as an instrument of political action simply disappears and the relationship between interest group pressures and electoral processes has never been clarified.

Table of contents (14 chapters)

Table of contents (14 chapters)

Buy this book

eBook $119.00
price for USA in USD
  • ISBN 978-94-011-2188-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $249.99
price for USA in USD
  • ISBN 978-0-7923-9321-4
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
Softcover $159.99
price for USA in USD
  • ISBN 978-94-010-4969-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Preferences and Democracy
Book Subtitle
Villa Colombella Papers
Editors
  • Albert Breton
  • P. Galeotti
  • Pierre Salmon
  • R. Wintrobe
Series Title
International Studies in Economics and Econometrics
Series Volume
28
Copyright
1993
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-94-011-2188-0
DOI
10.1007/978-94-011-2188-0
Hardcover ISBN
978-0-7923-9321-4
Softcover ISBN
978-94-010-4969-6
Series ISSN
0924-5170
Edition Number
1
Number of Pages
IX, 388
Topics