Back to Search
Start Over
[Untitled]
- Source :
- Public Choice. 116:435-451
- Publication Year :
- 2003
- Publisher :
- Springer Science and Business Media LLC, 2003.
-
Abstract
- This essay gives an overview of how arandomized decision mechanism (sortition)can be expected to reduce the intensity ofself-interested activity by rent-seekingfactions within democracies. The socialcosts of rent-seeking are briefly reviewed.I then make the case that randomization ofcollective decision making proceduresattenuates rent-seeking expenditures. Iillustrate the argument by reference to thehighly contested Presidential election of2000. Finally, I buttress that argument bycomparing plurality voting and sortitionwithin the context of Tullock's Efficient Rent-seeking model (1980).
Details
- ISSN :
- 00485829
- Volume :
- 116
- Database :
- OpenAIRE
- Journal :
- Public Choice
- Accession number :
- edsair.doi...........6271a829870abb51b4cf186f390bbf56
- Full Text :
- https://doi.org/10.1023/a:1024899605246