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Autoren: 
Ledoit, Olivier
Datum: 
2011
Schriftenreihe/Nr.: 
Working Paper No. 38
Zusammenfassung: 
Democracy is defined by two core tenets: voice and pluralism. Within these constraints, a wide variety of regime types can be designed. We show that the only new, untested form of democracy is when every citizen is governed by the political party of his/her choice. Multiple full-edged governments would coexist in the same national territory at the same time, each one sovereign only over the people who chose to vote for it - hence the name: Choice Democracy. Choice Democracy can be regarded as pure polyarchy, the broadest form of political competition, and a robust mechanism for disciplining government agencies. We argue that this system makes democracy more stable by reducing the risk of revolutionary and financial crises. We develop a theory for the optimal number of governments per countries, where the answer is determined by a trade-off between cooperation and competition. We also provide evidence indicating that Choice Democracy would be viable in the real world.
Schlagwörter: 
democracy
choice
polyarchy
stability
competition
efficiency
JEL: 
H11
H12
H41
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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