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...

This paper develops a simple dynamic general equilibrium model of an agricultural economy, in which poor farmers borrow wheat from rich farmers to invest in their land. Since wheat output is stochastic (we allow for both idiosynchratic and aggregate shocks) there may be default ex-post. The main...