 Rethinking Political Bargaining: Policymaking with a Single ProposerDavid M. Primo The Journal of Law, Economics, and Organization, 2002, vol. 18, issue 2, 411-427 Abstract: Most political bargaining in the U.S. system has two features which are constitutionally mandated: (1) only one actor can make a formal proposal, and (2) he or she can make an indefinite number of proposals. Existing work in economics and political science ignores at least one of these features. I construct a model incorporating both of these components of political bargaining. The main finding of this article is that time preferences and the number of periods have no effect on the equilibrium policy outcomes, which are identical to those first stated by Romer and Rosenthal in a one-period model. This result suggests that impatience and time preferences may not be key features of political bargaining. This model has implications for constitutional and statutory rules regarding bargaining: it can be applied to presidential appointments, legislation, citizen initiatives, vetoes and filibusters (e.g., Krehbiel's pivotal politics model), and term limits. Copyright 2002, Oxford University Press. Date: 2002 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:jleorg:v:18:y:2002:i:2:p:411-427 Ordering information: This journal article can be ordered from Access Statistics for this article The Journal of Law, Economics, and Organization is currently edited by Andrea Prat More articles in The Journal of Law, Economics, and Organization from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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