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The authors analyze a bargaining model of war that incorporates both commitment problems due to shifting power and asymmetric information. Four results emerge when both bargaining problems are present. First, in contrast to asymmetric information models, the resolution of uncertainty through...
Persistent link: https://www.econbiz.de/10009294397
In Europe, there is increasing concern with how the operation of the Commission, Council of Ministers, and European Parliament is creating a democratic deficit. One institution that is generally considered central to the effective functioning of a democratic system, but tends to be neglected in...
Persistent link: https://www.econbiz.de/10010772665
Numerous studies have explored how the European Union's institutions shape political behavior and legislative outcomes in the EU. Far fewer examine in detail how individual institutional changes have come about. This paper presents a formal model that allows us to analyze under what conditions...
Persistent link: https://www.econbiz.de/10010772704