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Separated powers cannot permanently constrain individual ambitions. Concerns about a government's ability to respond to contemporary and future crises, we show, invariably compromise the principled commitments one branch of government has in limiting the authority of another. We study a dynamic...
Persistent link: https://www.econbiz.de/10012848108
In this paper we elaborate on a strategic view of institutional features. Our focus is on seniority, though we note that this general approach may also be deployed to understand other aspects of institutional arrangements. We have taken the initial game-theoretic model of seniority of McKelvey...
Persistent link: https://www.econbiz.de/10014192311
In overlapping-generations models of public gods provision, in which the contribution decision is binary and lifetimes are finite, the set of symmetric subgame-perfect equilibria can be categorized into three types: seniority equilibria in which players contribute (effort) until a predetermined...
Persistent link: https://www.econbiz.de/10014129798
We study repeated legislative bargaining in an assembly that chooses its bargaining rules endogenously, and whose members face an election after each legislative term. An agenda protocol or bargaining rule assigns to each legislator a probability of being recognized to make a policy proposal in...
Persistent link: https://www.econbiz.de/10014167865
Frontmatter -- Contents -- Preface -- Introduction -- I History -- 1 The Impact of Administrative Power on Political and Economic Developments: Toward a Political Economy of Implementation -- 2 The Institutional Origins of the Industrial Revolution -- 3 Institutions and the Resource Curse in...
Persistent link: https://www.econbiz.de/10014477993
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Models of nomination politics in the US often find "gridlock" in equilibrium because of the super-majority requirement in the Senate for the confirmation of presidential nominees. A blocking coalition often prefers to defeat any nominee. Yet empirically nominations are successful. In the present...
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