Bowen, T. Renee; Chen, Ying; Eraslan, Hulya; Zapal, Jan - Graduate School of Business, Stanford University - 2015
Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these values may change over time. We model a budgetary institution...