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vote independently of each other. Thus, we receive as an empirical result what the previous voting power literature assumed. …
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parliaments and facilitate the formation of a coalition government. However, the clauses also introduce distortions and modify the … necessary to measure the difficulties in forming a coalition government and to quantify the effects of electoral thresholds on … these difficulties. For this issue, we introduce a concept based on cooperative game theory which takes into account the …
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In this paper we examine the impact of tax contracts as a novel institution on elections, policies, and welfare. We consider a political game in which three parties compete to form the government. Parties have policy preferences about the level of public-good provision and benefit from perks...
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