Why Democracies Produce Efficient Results
运用微观经济学标准工具论证民主市场与经济市场同样有效，指出以往研究夸大了选举市场中的委托代理和信息问题，并得出错误结论。
By applying the standard tools of microeconomic analysis, the author argues that democratic markets work as well as economic markets. In particular, he shows that previous work has greatly exaggerated the existence of principal-agent and informational problems in electoral markets and has drawn incorrect conclusions. Copyright 1989 by University of Chicago Press.