Irlenbusch, Bernd; Sutter, Matthias - In: Public Choice 129 (2006) 3, pp. 417-434
The Stability and Growth Pact (SGP) in the European Monetary Union shall deter countries from running excessive deficits by the threat of punishment, executed conditional on the outcome of a multistage voting procedure. We examine voting behaviour in an experiment which closely resembles the...