We examine a legislative voting game where decisions are being made over both ideological and distributive dimensions, and legislators' preferences are separable over the two dimensions. In equilibrium legislators prefer to make proposals for the two dimensions together, rather than offering sequential proposals on the two dimensions separately. The equilibria exhibit interaction between the ideological and distributive dimensions and in any equilibrium there is a positive probability that a proposal is made and approved which excludes the median legislator (as defined over the ideological dimension), in contrast with a game where no distributive decision is being made. Moreover, in any stationary equilibrium there is more than one ideological decision that has a positive probability of being proposed and approved. We show that legislators can gain from forming political parties, and consider examples where predictions can be made about the composition of parties. We discuss the impact of political parties on the outcome.
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Paper provided by California Institute of Technology, Division of the Humanities and Social Sciences in its series Working Papers with number
1036.
Length: 34 pages Date of creation: May 1998 Date of revision: Publication status: Published: Published in Journal of Economic Theory, Vol. 103, #1, 2002, pp. 49-87. Handle: RePEc:clt:sswopa:1036
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Sergiu Hart & Andreu Mas-Colell, 1994.
"Bargaining and Value,"
Economics Working Papers
114, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 1995.
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