Incentive Contracts and Elections.- Overview.- Unobservability and Short-Termism in Long-Term Policies.- Short-Termism and Competition for Incentive Contracts.- Reelection Thresholds.- Effort Incentives and Monetary Rewards.- Limits to Incentive Contracts in Politics.- Rules for Decision-Making and Agenda Setting.- Overiview.- Examples for Agenda Rules.- Flexible Majority Rules.- Democratic Mechanisms.- Fair Division.