This article presents a political economic analysis of exit from federations. Over time, members' benefits from being in a federation can fluctuate because of changes in the state of the world. If a member stops benefitting, it may wish to secede i.e. exit the federation. Based on a real options...

The EU Green Deal aims to promote healthier diets that include more nutritious and natural foods instead of ultra-processed products. EU geographical indications (GIs) protecting traditional foods such as Roquefort cheese or Parma ham will be reinforced under the corresponding 'Farm to Fork...

Collective choice bodies throughout the world use a diverse array of codified rules that determine who may exercise procedural rights, and in what order. This paper analyzes several two-stage decision-making models, focusing on one in which the first-moving actor has a unique, unilateral,...

This paper studies the effects of fiscal rules on public investment. Economists argue that fiscal rules decrease public investment, as it is easier for governments to lower public investment than current expenditures. This paper presents an empirical assessment of the relationship between fiscal...

In this paper we study the implications of the introduction of the co-decision procedure for the European Union’s Common Agricultural Policy and its reform. We use a game-theoretical model of the legislative procedures in the European Union and show that the move from consultation to...

This article analyses the role of the Commission in the European Union (EU). We present a game-theoretical model of two EU processes - Commission appointment and the adoption of legislation - and apply this model to the appointment of recent Commissions and their legislative programmes....

In October 2011 the European Commission presented a set of legal proposals designed to make the Common Agricultural Policy more effective. Pending a debate in the European Parliament and the Council, approval is expected by the end of 2013. This Forum aims to identify the proposals’...

We formulate a game-theoretical model of closed rule legislation in the presence of informational asymmetries. In the model an agenda setter with private information proposes a policy to a legislature. The legislature appoints an oversight committee to monitor the agenda setter. We study the...

This paper studies the democratic deficit in the European Union (EU). It examines what constitutes a democratic deficit, analyzes whether there is one in the EU, and offers suggestions for a solution. I focus on the output of the legislative process and study whether policies deviate from those...