Transactions have always taken place. For hundreds of years that ‘place’ was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms. Here, author Michael C. Munger demonstrates how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play n...

With the growing popularity of apps such as Uber and Airbnb, there has been a keen interest in the rise of the sharing economy. Michael C. Munger brings these new trends in the economy down to earth by focusing on their relation to the fundamental economic concept of transaction costs. In doing so Munger brings a fresh perspective on the 'sharing economy' in clear and engaging writing that is accessible to both general and specialist readers. He shows how, for the first time, entrepreneurs...

This book is an introduction to the logic and analytics of group choice. To understand how political institutions work, it is important to isolate what citizens - as individuals and as members of society - actually want. This book develops a means of 'representing' the preferences of citizens so that institutions can be studied more carefully. This is the first book to integrate the classical problem of constitutions with modern spatial theory, connecting Aristotle and Montesquieu with Arr...

There is no unified theory that can explain both voter choice and where choices come from. Hinich and Munger fill that gap with their model of political communication based on ideology.Rather than beginning with voters and diffuse, atomistic preferences, Hinich and Munger explore why large groups of voters share preference profiles, why they consider themselves "liberals" or "conservatives." The reasons, they argue, lie in the twin problems of communication and commitment that poli...

Empirical Studies in Comparative Politics presents a collection of papers analyzing the political systems of ten nations. It intends to provoke a conscious effort to compare, and investigate, the public choice of comparative politics.There have been many publications by public choice scholars, and many more by researchers who are at least sympathetic to the public choice perspective, yet little of this work has been integrated into the main stream of comparative political s...

Political scientists have long classified systems of government as parliamentary or presidential, two-party or multiparty, and so on. But such distinctions often fail to provide useful insights. For example, how are we to compare the United States, a presidential bicameral regime with two weak parties, to Denmark, a parliamentary unicameral regime with many strong parties? Veto Players advances an important, new understanding of how governments are structured. The real distinction...

This is the first comprehensive critical evaluation of the use of rational choice theory in political science. Writing in an accessible and nontechnical style, Donald P. Green and Ian Shapiro assess rational choice theory where it is reputed to be most successful: the study of collective action, the behavior of political parties and politicians, and such phenomena as voting cycles and Prisoner's Dilemmas. In their hard-hitting critique, Green and Shapiro demonstrate that the much heralde...

′This clear and comprehensive textbook will be invaluable for undergraduate and graduate courses on elections and voting behaviour. Complex theoretical and statistical ideas are explained lucidly and effectively - no mean achievement′- Representation′Voters and Voting fills a yawning gap in the study of elections and votingbehaviour. No other book today matches the breadth and depth of coverageprovided by Jocelyn Evans. This book is...

This book represents a considerable revision and expansion of Public Choice II (1989). Six new chapters have been added, and several chapters from the previous edition have been extensively revised. The discussion of empirical work in public choice has been greatly expanded. As in the previous editions, all of the major topics of public choice are covered. These include: why the state exists, voting rules, federalism, the theory of clubs, two-party and multiparty electoral systems, rent se...

How does regional interdependence influence the prospects for conflict, integration, and democratization? Some researchers look at the international system at large and disregard the enormous regional variations. Others take the concept of sovereignty literally and treat each nation-state as fully independent. Kristian Skrede Gleditsch looks at disparate zones in the international system to see how conflict, integration, and democracy have clustered over time and space. He argues that the ...

Kenneth A. Shepsle surveys the formal literature on multiparty electoral competition.

Why do constituents sometimes defer to their representative's judgment, rewarding her for acting as she thinks best, even when she ignores their demands? By making decisions about trust, constituents determine whether their representative is rewarded for implementing their demands or for using her judgment. These decisions shape legislator behavior and, through behavior, policy outcomes. Therefore, any attempt to explain or evaluate representative institutions such as the modern Congress r...