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• W1973193123 abstract "Abstract This study focuses on how voters and politicians rationally select a preferred policy-making venue (Politician or Agency), and its implications for the principal-agent relationship between voters and politicians in a representative democracy. This study allows for incomplete information, as well as solving for the comparative static conditions pertaining to the extent that a politician's policy-making venue choices mirror those preferred by a representative voter. The comparative static results highlight when a politician (1) chooses the representative voter's preferred policy-making venue ( Active or Passive Political Responsiveness ); (2) is able to choose freely either policy-making venue without committing agency loss ( Political Discretion ); and (3) willing to deviate from the representative voter's preferred policy-making venue ( Political Shirking ). In contrast to the study by Spence, this study analytically demonstrates that one cannot infer that the benefits accrued from agency policy-making will necessarily exceed those from electoral institutions." @default.
• W1973193123 created "2016-06-24" @default.
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• W1973193123 date "2013-06-04" @default.
• W1973193123 modified "2023-10-17" @default.
• W1973193123 title "Representative democracy and policy-making in the administrative state: is agency policy-making necessarily better?" @default.
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• W1973193123 doi "https://doi.org/10.1017/s0143814x13000044" @default.
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