Electoral Systems and the Balance of Consumer-Producer Power
Book Details
Format
Hardback or Cased Book
Book Series
Cambridge Studies in Comparative Politics
ISBN-10
052119265X
ISBN-13
9780521192651
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 22nd, 2010
Print length
280 Pages
Weight
500 grams
Dimensions
22.00 x 14.50 x 2.00 cms
Product Classification:
Politics & governmentComparative politicsPolitical structures: democracyPolitical economy
Ksh 14,050.00
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The authors find that in electoral systems in which the seat share of parties is highly sensitive to their vote share, regulation systematically favors consumers, lowering real prices, all else equal, by ten percent.
This book investigates the effects of electoral systems on the relative legislative and, hence, regulatory influence of competing interests in society. Building on Ronald Rogowski and Mark Andreas Kayser''s extension of the classic Stigler–Peltzman model of regulation, the authors demonstrate that majoritarian electoral arrangements should empower consumers relative to producers. Employing real price levels as a proxy for consumer power, the book rigorously establishes this proposition over time, within the OECD, and across a large sample of developing countries. Majoritarian electoral arrangements depress real prices by approximately ten percent, all else equal. The authors carefully construct and test their argument and broaden it to consider the overall welfare effects of electoral system design and the incentives of actors in the choice of electoral institutions.
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