Electronic Resource
Springer
Constitutional political economy
3 (1992), S. 51-72
ISSN:
1572-9966
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract A constitution will create mutual gains for all parties only if it is negotiated within an environment in which all parties possess viable exit options. The availability of exit options can substitute for a veil of uncertainty, which is difficult to operationalize in real-world settings. An efficient constitution also will be self-enforcing if it contains rules and principles geared to support political and market competition in the post-constitutional society. Again, the notion of exit is a useful way to characterize this condition for constitutional maintenance.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF02393232
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