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Agenda Setting Power in Organizations With Overlapping Generations of Players

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A. Muthoo ()
K. A. Shepsle

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Abstract

This paper presents an analysis of the allocation of agenda-setting (or bargaining) power in organizations with overlapping generations of players. Such powers are typically institutionalized within an organization’s structure, and, given the focus of this paper, we identify the former with the latter. Our analysis concerns organizations (such as the US Senate) in which the number of periods each player participates is endogenously determined by his or her past performance. We derive several results and insights concerning (i) optimal organizational structure and (ii) conditions under which the unique, dynamically optimal outcome can be sustained (in equilibrium) in organizations with suboptimal structures. For example, we show that under a broad set of conditions, the optimal organizational structure should involve a seniority system, in which most of the agenda-setting power is allocated to the oldest generation of players.

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Paper provided by University of Essex, Department of Economics in its series Economics Discussion Papers with number 553.

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Date of creation: 02 Apr 2003
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Handle: RePEc:esx:essedp:553

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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.:
  1. L.-A. Busch & A. Muthoo, 2003. "Power and Inefficient Institutions," Economics Discussion Papers 561, University of Essex, Department of Economics. [Downloadable!]
  2. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467. [Downloadable!] (restricted)
  3. Roger Lagunoff & Akihiko Matsui, 2001. "Organizations and Overlapping Generations Games: Memory, Communication, and Altruism," Game Theory and Information 0103002, EconWPA. [Downloadable!]
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  4. Bhaskar, V, 1998. "Informational Constraints and the Overlapping Generations Model: Folk and Anti-Folk Theorems," Review of Economic Studies, Blackwell Publishing, vol. 65(1), pages 135-49, January. [Downloadable!] (restricted)
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  5. McKelvey, Richard D. & Riezman, Raymond., 1990. "Seniority in Legislatures," Working Papers 725, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
  6. North, Douglass C, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter. [Downloadable!] (restricted)
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  1. John M. de Figueriedo, 2004. "The Timing, Intensity, and Composition of Interest Group Lobbying: An Analysis of Structural Policy Windows in the States," NBER Working Papers 10588, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. John de Figueiredo, . "The Timing, Intensity, and Composition of Interest Group Lobbying: An Analysis of Structural Policy Windows in the States," American Law & Economics Association Annual Meetings 1082, American Law & Economics Association. [Downloadable!]
  3. Anna Rubinchik-Pessach, 2004. "An Inquiry into the Efficiency of Water Projects Under WRDA'86," Asia-Pacific Financial Markets, Springer, vol. 11(6), pages 741-762, November. [Downloadable!] (restricted)
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