Parliament as a Wealth Maximizing Institution: The Right to the Residual and the Right to Vote

Yoram Barzel

Discussion Papers in Economics at the University of Washington from Department of Economics at the University of Washington

Abstract: What could explain the emergence of parliament and its ascendancy? I argue that dictatorial kings encountered difficulties in securing the cooperation of their subjects because they could not commit not to confiscate subjects' gains. Where the gain from cooperation increased and kings were more secure, they deliberately gave up some of their power to be able to commit themselves to keep their promises.

Keywords: POLITICS; PARLIAMENT (search for similar items in EconPapers)
JEL-codes: D71 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (9)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Parliament as a wealth-maximizing institution: The right to the residual and the right to vote (1997)
Working Paper: Parliament as a Wealth Maximizing Institution: The Right to the Residual and the Right to Vote (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:washer:97-13

Access Statistics for this paper

More papers in Discussion Papers in Economics at the University of Washington from Department of Economics at the University of Washington Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().