The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income … per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never …

The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income … per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never …

The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income … per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never …

This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy … choose as a function of the status quo. The status quo thus affects both the election outcomes and the bargaining power of … policy to gain an advantage in both the next election and the subsequent bargaining over government formation and policy …