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

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. [ABSTRACT FROM AUTHOR]