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[Untitled]

Authors :
Alan A. Lockard
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