Read more
I. The concept of competition played a central role in the very first attempts to apply the tools of economics to the analysis of politics. Adopting Hotelling's (1929) industrial organization model of imperfect competition in markets in which space has a predominant role, Downs (1957), following on some perceptive insights of Schumpeter (1942), was able to formulate a model of electoral competition in which political parties, seeking the support of citizens, compete against each other in offering policies designed to elicit their vote. Downs' model and the numerous variants to which it gave birth soon became the major component of what was to become Public Choice Theory. The enormous efforts of the last 30 years devoted to modelling electoral competition have helped improve our understanding of politics and have contributed a basic element that undoubtedly will remain essential to any reasonably complete theory of politics. But whatever may have been early expectations, it is now clear that electoral competition will only be one such element. More recently, the idea of competition has been used to model interest-group behavior. Becker (1983), building on earlier work by Bentley (1908), Truman (1958), Olson (1965), Stigler (1971) and Peltzman (1976), applied the Public Finance analysis of the excess-burden of taxes and subsidies - to which, incidentally, Hotelling (1938) had made pioneering contribution- to produce a model in which competition between interest groups determines an equilibrium distribution of income.
List of contents
One: Checks and Balances in the Supply of Government Policies.- The organization of competition in congressional and parliamentary governments.- Political checks and balances and the structure of taxation in the United States and Canada.- Competition within the Italian Public Sector.- Two: New Dimensions of Electoral Competition.- The role of deception in political competition.- Policy decisions and the competiton for symbolic resources.- The number of parties and political competition.- Tectonic policies and political competition.- Political competition and the rise of dictatorship.- Three: International Aspects of Political Competition.- Checks and balances and international openness.- Constitutions as the outcome of imperfect spatial competition.- Four: Competition and the Law.- A competitive model of legal rules.- The market for characteristics of property rights.
Summary
I. The concept of competition played a central role in the very first attempts to apply the tools of economics to the analysis of politics. Adopting Hotelling's (1929) industrial organization model of imperfect competition in markets in which space has a predominant role, Downs (1957), following on some perceptive insights of Schumpeter (1942), was able to formulate a model of electoral competition in which political parties, seeking the support of citizens, compete against each other in offering policies designed to elicit their vote. Downs' model and the numerous variants to which it gave birth soon became the major component of what was to become Public Choice Theory. The enormous efforts of the last 30 years devoted to modelling electoral competition have helped improve our understanding of politics and have contributed a basic element that undoubtedly will remain essential to any reasonably complete theory of politics. But whatever may have been early expectations, it is now clear that electoral competition will only be one such element. More recently, the idea of competition has been used to model interest-group behavior. Becker (1983), building on earlier work by Bentley (1908), Truman (1958), Olson (1965), Stigler (1971) and Peltzman (1976), applied the Public Finance analysis of the excess-burden of taxes and subsidies - to which, incidentally, Hotelling (1938) had made pioneering contribution- to produce a model in which competition between interest groups determines an equilibrium distribution of income.
Additional text
All in all, the contributions are very interesting, stimulating, and well written. The book is a valuable supplement to the academic literature, and it should attract the attention of every scholar being interested in the field.
Journal of Economics/ Vol.54 Nr. 3
Report
All in all, the contributions are very interesting, stimulating, and well written. The book is a valuable supplement to the academic literature, and it should attract the attention of every scholar being interested in the field.
Journal of Economics/ Vol.54 Nr. 3
