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We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo for the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities, and we assume...
Persistent link: https://www.econbiz.de/10010594322
We consider a model of decentralized bargaining among three parties. Parties meet one-on-one after being randomly …
Persistent link: https://www.econbiz.de/10014159665
then propose a legislative bargaining model to elucidate this puzzle. In the model the policies of a confidence …
Persistent link: https://www.econbiz.de/10012712772
Do institutions constrain presidential power in Africa? Conventional wisdom holds that personalist rule grants African presidents unchecked powers. Consequently, very little research exists on African institutions and their impact on executive authority. In this paper, I use original data on the...
Persistent link: https://www.econbiz.de/10012853442
Whom should an interest group lobby in a legislature? I develop a model of informational lobbying in which a … legislature must decide on the allocation of a local publicly-provided good across districts. An interest group chooses …
Persistent link: https://www.econbiz.de/10012823922
This paper develops a dynamic model of legislative policy making with evolving, privately observed policy preferences. Our goal is to find conditions under which decision rules, which assign feasible policies based on the legislators' preferences, are sustainable in the long run. We show that...
Persistent link: https://www.econbiz.de/10011897250
This paper models a legislature in which the same agenda setter serves for two periods, showing how he can exploit a … legislature (completely) in the first period by promising future benefits to legislators who support him. In equilibrium, a large …
Persistent link: https://www.econbiz.de/10010198483
legislative bargaining and electoral politics to provide insights into why hostage-taking occurs, which policies are held hostage …
Persistent link: https://www.econbiz.de/10014243050
The study investigates how judicial review of policy and judicial independence affect the relative size of government. Judicial oversight of policy is the authority of courts to check the legality of policy measures and annul measures which are incompatible with the constitution or are enacted...
Persistent link: https://www.econbiz.de/10014067112
Models of repeated legislative bargaining typically assume that an agenda setter is randomly selected each period, even …
Persistent link: https://www.econbiz.de/10014189684