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Monopoly Agenda Control and Asymmetric Information

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Author Info
Banks, Jeffrey S

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Abstract

This paper extends the Romer-Rosenthal model of monopoly agenda control to an environment where only the agenda setter knows with certainty the outcome associated with a failed proposal. The presence of this asymmetric information implies that any "take-it-or-leave-it" proposal may provide information crucial to the decision calculus of the voters, a fact which an optimal proposal strategy will incorporate. The equilibrium behavior of the agenda setter and voters is characterized and contrasted with that in the complete information environment, and a number of empirical predictions concerning the nature of elections with monopoly controlled agendas are derived. Copyright 1990, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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Publisher Info
Article provided by MIT Press in its journal Quarterly Journal of Economics.

Volume (Year): 105 (1990)
Issue (Month): 2 (May)
Pages: 445-64
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Handle: RePEc:tpr:qjecon:v:105:y:1990:i:2:p:445-64

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  1. Mariano Tommasi, 1995. "Why Does it Take a Nixon to go to China?," UCLA Economics Working Papers 728, UCLA Department of Economics. [Downloadable!]
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  2. Robin Boadway & Motohiro Sato, 2006. "Bureaucratic Advice and Political Governance," Working Papers 2006-03, University of Kentucky, Institute for Federalism and Intergovernmental Relations. [Downloadable!]
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  3. Alejandro Saporiti & Fernando Tohmé, 2001. "Order-restricted preferences and strategy-proof social choices rules," CEMA Working Papers: Serie Documentos de Trabajo. 191, Universidad del CEMA. [Downloadable!]
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