A Note on Possible Inefficiency of Multi Party System

Autor:	Suchismita Tarafdar, Saptarshi Prosonno Ghosh
Rok vydání:	2017
Předmět:	Competition (economics) Coalition government State (polity) media_common.quotation_subject Democratic system Economics Economic system Space (commercial competition) Inefficiency Multi-party system Regional policy media_common
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
Popis:	We provide a stylised model that shows that having a multi-party setup in a democratic system comprising of a centre and state governments may lead to an aggregative inefficiency. The inefficiency is contingent on the existence of a sufficiently large number of regional parties that promotes a degree of competition among them to be a part of a coalition government at the centre, and holds when the national and regional policy space is separated.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::edf68c9fd00d963cbda014da38d8fdad https://doi.org/10.2139/ssrn.2927654 Zobrazit plný text záznamu