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We examine how democracies choose their amount of checks and balances (C&B). For this purpose, we consider a simple model of political competition with costly policy reforms. The cost of a marginal reform is determined endogenously at the constitutional phase-i.e. before policies are...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013346919
We examine how democracies choose their amount of checks and balances (C&B). For this purpose, we consider a simple model of political competition with costly policy reforms. The cost of a marginal reform is determined endogenously at the constitutional phase-i.e. before policies are...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013337980