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This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy with proportional representation in which the policy chosen in one period becomes the status quo for the next period. The electorate votes strategically by taking into account the...
Persistent link: https://www.econbiz.de/10003782125
Persistent link: https://www.econbiz.de/10003517854
Persistent link: https://www.econbiz.de/10009526111
This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy with proportional representation in which the policy chosen in one period becomes the status quo for the next period. The electorate votes strategically by taking into account the...
Persistent link: https://www.econbiz.de/10010266264
This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy with proportional representation in which the policy chosen in one period becomes the status quo for the next period. The electorate votes strategically by taking into account the...
Persistent link: https://www.econbiz.de/10012721390
This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy with proportional representation in which the policy chosen in one period becomes the status quo for the next period. The electorate votes strategically by taking into account the...
Persistent link: https://www.econbiz.de/10005553412
We present a dynamic model of legislative bargaining in which policy making proceeds until the proposer has no more incentive to make a new proposal to replace the previously approved policy. We characterize stationary Markov perfect equilibria for the game and show that in all pure-strategy...
Persistent link: https://www.econbiz.de/10003782128
Diermeier and Fong (2008a) recently proposed a legislative bargaining model with reconsideration in the context of a distributive policy environment. In this paper we prove general existence and necessary conditions for pure-strategy stationary equilibria for any finite policy space and...
Persistent link: https://www.econbiz.de/10003782130
Persistent link: https://www.econbiz.de/10009356068
Persistent link: https://www.econbiz.de/10009685931