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are two desirable properties of policymaking systems. The veto player approach has suggested that polities with more veto …
Persistent link: https://www.econbiz.de/10010247136
semi-value of a monotonic simple game with veto control. We consider partitions of the player set in which the winning …. Provided that the veto player set is not a winning coalition in a symmetric simple game, then the partition containing the …
Persistent link: https://www.econbiz.de/10003731222
In a veto game, we investigate the effects of "buyout" which allows non-veto players strategically form an intermediate … much lower than predicted by theory, regardless of the relative negotiation power between veto and non-veto players. Second …, allowing coalition formation among non-veto players does not affect the surplus distribution between veto and non-veto players …
Persistent link: https://www.econbiz.de/10013243564
semi-value of a monotonic simple game with veto control. We consider partitions of the player set in which the winning …. Provided that the veto player set is not a winning coalition in a symmetric simple game, then the partition containing the …
Persistent link: https://www.econbiz.de/10012731355
A one-dimensional model of spatial political competition with endogenous party formation is developed. It is proved that at equilibrium there are only two parties. These parties propose alternatives in the extreme positions of the policy space. The adopted policy, however, is a compromise...
Persistent link: https://www.econbiz.de/10014221617
This paper analyzes an ongoing bargaining situation in which preferences evolve over time and the previous agreement becomes the next status quo, determining the payoffs until a new agreement is reached. We show that the endogeneity of the status quo induces perverse incentives that exacerbate...
Persistent link: https://www.econbiz.de/10014162072
We model a two-candidate electoral competition in which there is uncertainty about a policy-relevant state of the world. The candidates receive private signals about the true state, which are imperfectly correlated. We study whether the candidates are able to credibly communicate their...
Persistent link: https://www.econbiz.de/10014114607
We analyze a simple stochastic environment where policymakers can be threatened by "nasty" interest groups. In the absence of these groups, the policymaker's desire for reelection guarantees that good policies are implemented for every realization of the shock. When pressure groups can harass...
Persistent link: https://www.econbiz.de/10014107151
We compare procurement contracts where the procurer is either a public agent or a private corporation. Using algorithmic data reading and textual analysis on a rich dataset of con- tracts for a standardized product and service from a single provider, we find that public contracts feature more...
Persistent link: https://www.econbiz.de/10013006106
International environmental agreements (IEAs) are increasingly important in a globalized economy. The aim of our paper is study the effect of political pressure groups-lobbies- on the size and stability of IEAs. To this purpose we use the framework of two-level games to explain how national...
Persistent link: https://www.econbiz.de/10012964613