Chen, Ying; Zapal, Jan; Eraslan, Hulya; Bowen, Renee - Society for Economic Dynamics - SED - 2014
Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties deciding the allocation to a public good each period. Parties place different values on the public good, but these values may change over time. We model a budgetary institution as the...