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We present a dynamic model of legislative bargaining with an endogenously evolving default policy and a persistent agenda setter. Policy making proceeds until the agenda setter can no longer pass a new policy to replace an approved bill. We prove existence and necessary conditions of...
Persistent link: https://www.econbiz.de/10010551159
This paper presents a theory of parliamentary systems with a proportional representation electoral system, a formateur selected based on party representation in parliament, and parties that cannot commit to the policies they will implement once in government. Government formation involves...
Persistent link: https://www.econbiz.de/10005737740