Electoral Systems and the Balance of Consumer-Producer Power

Nonfiction, Social & Cultural Studies, Political Science, International, Foreign Legal Systems, Business & Finance
Cover of the book Electoral Systems and the Balance of Consumer-Producer Power by Eric C. C. Chang, Mark Andreas Kayser, Drew A. Linzer, Ronald  Rogowski, Cambridge University Press
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Author: Eric C. C. Chang, Mark Andreas Kayser, Drew A. Linzer, Ronald Rogowski ISBN: 9780511861598
Publisher: Cambridge University Press Publication: November 22, 2010
Imprint: Cambridge University Press Language: English
Author: Eric C. C. Chang, Mark Andreas Kayser, Drew A. Linzer, Ronald Rogowski
ISBN: 9780511861598
Publisher: Cambridge University Press
Publication: November 22, 2010
Imprint: Cambridge University Press
Language: English

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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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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