Legislative Process with Open Rules

Hans Gersbach and Theresa Fahrenberger

No 6240, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We examine the legislative game with open rules proposed by Baron and Ferejohn (1989). We first show that the three-group equilibrium suggested by Baron and Ferejohn does not always obtain. Second, we characterize the set of stationary equilibria for simple and super majority rules. Such equilibria are either of the three-group or four-group type. The latter type tends to occur when the size of the legislature becomes larger. Moreover, four-group equilibria imply large delay costs.

Keywords: Bargaining in legislatures; Baron/ferejohn model; Open rules; Three-group and four-group equilibria (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Date: 2007-04
New Economics Papers: this item is included in nep-cdm
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Citations: View citations in EconPapers (2)

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