Decision by sortition: A means to reduce rent-seeking - Alan A. Lockard

Tamaño
1.76 MB
Titular de los derechos
Medialab-Prado

This essay gives an overview of how a randomized decision mechanism (sortition) can be expected to reduce the intensity of self-interested activity by rent-seeking factions within democracies. The social costs of rent-seeking are briefly reviewed. I then make the case that randomization of collective decision making procedures attenuates rent-seeking expenditures. I illustrate the argument by reference to the highly contested Presidential election of 2000. Finally, I buttress that argument by comparing plurality voting and sortition within the context of Tullock's Efficient Rent-seeking model (1980).