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In this paper, we address empirically the trade-offs involved in choosing between bureaucrats and politicians. In order to do this, we need to map institutions of selection and retention of public officials to the type of public officials they induce. We do this by specifying a collective...
Persistent link: https://www.econbiz.de/10014194725
We estimate a model of voting in Congress that allows for dispersed information about the quality of proposals in an equilibrium context. In equilibrium, the Senate only approves House bills that receive the support of a supermajority of members of the House. We estimate this endogenous...
Persistent link: https://www.econbiz.de/10014203357