to inefficient system of constitutionally intended checks and balances.. …

Essential to the Madisonian conception of checks and balances is the division of policy-making authority among multiple … actors such that each can veto proposed changes in policy. We use a mechanism design approach to analyze checks and balances … institutions. We show that checks and balances institutions in which the most preferred policy of the more moderate player is the …

Formal constitutional systems of separated powers often fail to sustain meaningful systems of checks and balances in … illustrates the difficulty of developing credible checks and balances. …

. Focusing on the budget surplus, we find that stronger effective checks and balances explain why cycles are weaker in developed …

The paper investigates the effects of checks and balances on corruption. Within a presidential system, effective … checks and balances on corruption. Within a presidential system, effective separation of powers is achieved under divided … appointment. Keywords: separation of powers, corruption, rent seeking, checks and balances, political institutions …

. Focusing on the budget surplus, we find that stronger effective checks and balances explain why cycles are weaker in developed …

The paper investigates the effects of checks and balances on corruption. Within a presidential system, effective …