Laffont here constructs a normative approach to constitutional design using recent developments in contract theory. He treats political economy as the study of the incentive problems created by the delegation of economic policy to self-interested politicians. Treating politicians successively as informed supervisors or residual decision-makers, he characterizes the optimal constitutional responses to the activities of interest groups in various circumstances, as well as the optimal trade-off between flexibility of decision ...
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Laffont here constructs a normative approach to constitutional design using recent developments in contract theory. He treats political economy as the study of the incentive problems created by the delegation of economic policy to self-interested politicians. Treating politicians successively as informed supervisors or residual decision-makers, he characterizes the optimal constitutional responses to the activities of interest groups in various circumstances, as well as the optimal trade-off between flexibility of decision-making and discretion to pursue personal agendas.
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Fine. Trade paperback (US). Glued binding. 272 p. Contains: Unspecified. Clarendon Lectures in Economics. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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New. Trade paperback (US). Glued binding. 272 p. Contains: Unspecified. Clarendon Lectures in Economics. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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Fine. Trade paperback (US). Glued binding. 272 p. Contains: Unspecified. Clarendon Lectures in Economics. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
