The present article offers a rational choice explanation for political ticket splitting. It considers a game-theoretic model of voting and bargaining within Congress and between Congress and the president. When parties are ideologically oriented and voters' utilities are state dependent, the...

This article presents a dynamic game theoretic model of voting in the presence of asymmetric information about a relevant parameter of the economy, the state of the world. Voters may use both vote splitting and reelection as mechanisms of electoral control. In a perfect Bayesian equilibrium,...

The objective of this paper is to analyze, with the instruments of Game Theory, the incentives that can lead a Member State of the European Union to disregard the Stability and Growth Pact, and thus, to keep an excessive deficit, although aware of the political and financial risk associated with...

O objetivo deste estudo é mensurar econometricamente as características de uma políticafiscal que agrade o eleitorado. Analisa-se a probabilidade de reeleição em funçãodas variáveis fiscais nas eleições municipais de 2000 no Brasil. Além dos dados fiscais,consideram-se outras...

This paper aims at correcting flaws in the way expectations are set in a paper by Walsh (2000) in order to assess with precision the impact of complex market rigidities and market expectations in the optimal choices of inflation in a monetary game between society and central bankers. After...