Constitutional Rules
Abstract
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 balancesDownload Info
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Paper provided by Econometric Society in its series Econometric Society 2004 North American Summer Meetings with number 540.Length:
Date of creation: 11 Aug 2004
Date of revision:
Handle: RePEc:ecm:nasm04:540
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Related research
Keywords: Constitutions; constitutional design; social contracts; majority rules; amendments; checks and balances;Other versions of this item:
- Toke S Aidt & Francesco Giovannoni, 2004. "Constitutional Rules," The Centre for Market and Public Organisation 04/109, Department of Economics, University of Bristol, UK.
- H10 - Public Economics - - Structure and Scope of Government - - - General
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D - Microeconomics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-10-30 (All new papers)
References
References listed on IDEASPlease 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.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Aidt, T.S. & Giovannoni,F., 2005.
"Critical Decisions and Constitutional Rules,"
Cambridge Working Papers in Economics
0523, Faculty of Economics, University of Cambridge.
- Toke Aidt & Francesco Giovannoni, 2011. "Critical decisions and constitutional rules," Social Choice and Welfare, Springer, vol. 37(2), pages 219-268, July.
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