What is the origin of the structural independence of the Federal Reserve System? Unlike existing explanations on central bank independence, we show that the structural independence of the Fed is not the result of intentional design but a product of compromise among disparate groups. Using...

The uncovered set has frequently been proposed as a solution concept for majority rule settings. This paper tests this proposition using a new technique for estimating uncovered sets and a series of experiments, including five-player computer-mediated experiments and 35-player paper-format...