This paper proposes a normative theory of constitutional rules. We characterize the set of optimal constitutional rules under different assumptions about the degree of contractual imperfections. Our model explains why constitutions contain different types of rules. In particular, we derive conditions under which it is optimal, in addition to a standard decision rule (e.g., simple majority), to introduce veto rules (that block certain types of decisions) and supermajority rules (that allow the veto rule to be overruled). Our model also explains the existence of amendment rules and checks and balances
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Find related papers by JEL classification: H10 - Public Economics - - Structure and Scope of Government - - - General D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General D - Microeconomics
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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.:
Ticchi, Davide & Vindigni, Andrea, 2003.
"Endogenous Constitutions,"
Seminar Papers
726, Stockholm University, Institute for International Economic Studies.
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Other versions:
Davide Ticchi & Andrea Vindigni, 2002.
"Endogenous Constitutions,"
Economics Working Papers
896, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2005.
[Downloadable!]
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