We generalize the dynamic bargaining game of Diermeier and Fong (2011) to arbitrary quota rules to provide a non-cooperative characterization of the von Neumann–Morgenstern stable set. Assuming that players are sufficiently patient and have strict preferences, a pure-strategy stationary...

Recent empirical studies by Persson and Tabellini show that, in parliamentary countries with proportional representation, government spending as a fraction of GDP goes up during cyclical downturns but does not come down during cyclical upturns, whereas this ratchet effect is not apparent in...

This paper presents a theory of parliamentary systems that incorporates electoral, government formation, and legislative institutions and focuses on the strategic opportunities inherent in those institutions. The electoral system is proportional representation, and a party is selected as...