?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Authoritarian+populism+at+work%3A+A+political+transaction+cost+approach+with+reference+to+Viktor+Orb%C3%A1n%E2%80%99s+Hungary&rft.creator=%C3%81d%C3%A1m%2C+Z&rft.description=This+paper+conceptualizes+authoritarian+populism+in+an+institutional+economics+context.+Examining+the+literature+on+populism+in+political+science%2C+it+considers+authoritarian+populism+a+degraded+form+of+democracy+that+holds+elections+in+regular+intervals+as+means+of+popular+legitimation%2C+but+undermines+pluralism+and+constrains+political+choice.+Based+on+the+theory+of+transaction+cost+economics%2C+the+paper+argues+that+authoritarian+populism+reduces+political+transaction+costs+by+vertically+organizing+political+exchange+instead+of+the+horizontal+organization+characteristic+of+liberal+democracy.+Electoral+demand+for+such+a+shift+rises+at+times+of+crises+and+a+mismatch+between+formal+and+informal+political+institutions.+This+is+what+happened+in+Hungary+towards+the+end+of+the+2000s%2C+in+a+period+of+socially+costly+fiscal+stabilization+and+the+troubles+of+the+global+financial+crisis.+Correspondingly%2C+voters+have+given+Prime+Minister+Orb%C3%A1n+strong+mandates+to+govern+at+three+consecutive+elections+since+2010%2C+who+transformed+Hungary+into+a+textbook+case+of+authoritarian+populism.&rft.subject=authoritarian+populism%2C+democratic+populism%2C+political+transaction+costs%2C+political+exchange%2C+Hungary&rft.publisher=UCL+Centre+for+Comparative+Studies+of+Emerging+Economies+(CCSEE)&rft.date=2018-05&rft.type=Working+%2F+discussion+paper&rft.language=eng&rft.source=++++(UCL+Centre+for+Comparative+Studies+of+Emerging+Economies+Working+Papers++2018%2F2).+UCL+Centre+for+Comparative+Studies+of+Emerging+Economies+(CCSEE)%3A+London%2C+UK.+(2018)+++++&rft.format=text&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10050931%2F1%2FDouarin_Working%2520Paper%25202018.2-2.pdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10050931%2F&rft.rights=open