This paper examines conditions under which parties in parliamentary government establish dominance over the legislative process. We focus on two aspects of this dominance: negative agenda control and legislative success. We argue that the logic of organizing a legislature for majority control is...

Behind every financial crisis lurks a "political bubble"--policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify...