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Rethinking Political Bargaining: Policymaking with a Single Proposer

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  • David M. Primo
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    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.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal The Journal of Law, Economics, and Organization.

    Volume (Year): 18 (2002)
    Issue (Month): 2 (October)
    Pages: 411-427

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    Handle: RePEc:oup:jleorg:v:18:y:2002:i:2:p:411-427

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    Cited by:
    1. John Duggan & Seok-ju Cho, 2007. "Bargaining Foundations of the Median Voter Theorem," Wallis Working Papers WP49, University of Rochester - Wallis Institute of Political Economy.
    2. Dahm, Matthias & Glazer, Amihai, 2010. "Repeated Agenda Setting and the Unanimous Approval of Bad Policies," Working Papers 2072/151549, Universitat Rovira i Virgili, Department of Economics.
    3. Etienne Farvaque & Norimichi Matsueda & Pierre-Guillaume Méon, 2008. "How monetary policy committees impact the volatility of policy rates," Working Papers CEB 08-026.RS, ULB -- Universite Libre de Bruxelles.
    4. Dahm, Matthias & Glazer, Amihai,, 2013. "A Carrot and Stick Approach to Agenda-Setting," Working Papers 2072/222199, Universitat Rovira i Virgili, Department of Economics.
    5. Etienne Farvaque & Norimichi Matsueda & Pierre-Guillaume Méon, 2007. "How committees reduce the volatility of policy rates," DULBEA Working Papers 07-11.RS, ULB -- Universite Libre de Bruxelles.
    6. Matthias Dahm & Amihai Glazer, 2012. "How An Agenda Setter Induces Legislators to Adopt Policies They Oppose," Working Papers 111211, University of California-Irvine, Department of Economics.
    7. Tasos Kalandrakis, 2004. "Proposal Rights and Political Power," Wallis Working Papers WP38, University of Rochester - Wallis Institute of Political Economy.

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