Dynamic Legislative Bargaining with Endogenous Agenda Setting Authority
Models of repeated legislative bargaining typically assume an agenda setter is randomly selected each period, even if the previous period agenda setter successfully passed a proposal. In reality, successful legislative agenda setters (e.g., speakers, committee chairs) tend to hold onto power. We propose two alternative models in which successful agenda setters retain power. In the first model, a successful agenda setter automatically keeps power. Such an assumption is easy to work with and results in a policy equal to that in a traditional non-repeated game. In the second model, an agenda setter requires the support of a legislative majority to retain power. Such an assumption is realistic and results in the most-equitable policy outcome. Compared to both of these models, the standard random-selection model exaggerates the agenda setter’s ability to extract rent from the legislative process, and underestimates the wellbeing of the legislative majority.
|Date of creation:||Sep 2010|
|Date of revision:|
|Publication status:||Forthcoming: Working Paper|
|Contact details of provider:|| Postal: P.O. Box 248126, Coral Gables, FL 33124-6550|
Phone: (305) 284-5540
Fax: (305) 284-2985
Web page: http://www.bus.miami.edu/faculty-and-research/academic-departments/economics/index.html
More information through EDIRC
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.:
- Richard D. Mckelvey & Raymond Riezman, 2013.
"Seniority in Legislature,"
World Scientific Book Chapters,
in: International Trade Agreements and Political Economy, chapter 12, pages 185-199
World Scientific Publishing Co. Pte. Ltd..
- Merlo, Antonio, 1996.
"Bargaining over governments in a stochastic environment,"
7476, University of Minnesota, Economic Development Center.
- Merlo, Antonio, 1997. "Bargaining over Governments in a Stochastic Environment," Journal of Political Economy, University of Chicago Press, vol. 105(1), pages 101-31, February.
- Merlo, A., 1992. "Bargaining Over Governments in a Stochastic Environment," Working Papers 92-55, C.V. Starr Center for Applied Economics, New York University.
- Marco Battaglini & Stephen Coate, 2005.
"Inefficiency in Legislative Policy-Making: A Dynamic Analysis,"
NBER Working Papers
11495, National Bureau of Economic Research, Inc.
- Marco Battaglini & Stephen Coate, 2007. "Inefficiency in Legislative Policymaking: A Dynamic Analysis," American Economic Review, American Economic Association, vol. 97(1), pages 118-149, March.
- Battaglini, Marco & Coate, Stephen, 2005. "Inefficiency in Legislative Policy-Making: A Dynamic Analysis," Papers 08-09-2005, Princeton University, Research Program in Political Economy.
- Stephen Coate & Marco Battaglini, 2005. "Inefficiency in Legislative Policy-Making: A Dynamic Analysis," 2005 Meeting Papers 209, Society for Economic Dynamics.
- Yves Breitmoser, 2011. "Parliamentary bargaining with priority recognition for committee members," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 37(1), pages 149-169, June.
- Ulrich Erlenmaier & Hans Gersbach, 2001. "Flexible Majority Rules," CESifo Working Paper Series 464, CESifo Group Munich.
- Banks, Jeffrey S. & Duggan, John, 1999. "A Bargaining Model of Collective Choice," Working Papers 1053, California Institute of Technology, Division of the Humanities and Social Sciences.
- Kalandrakis, Anastassios, 2004. "A three-player dynamic majoritarian bargaining game," Journal of Economic Theory, Elsevier, vol. 116(2), pages 294-322, June.
- John Duggan & Tasos Kalandrakis, 2007.
"Dynamic Legislative Policy Making,"
Wallis Working Papers
WP45, University of Rochester - Wallis Institute of Political Economy.
- Eraslan, Hulya, 2002. "Uniqueness of Stationary Equilibrium Payoffs in the Baron-Ferejohn Model," Journal of Economic Theory, Elsevier, vol. 103(1), pages 11-30, March.
When requesting a correction, please mention this item's handle: RePEc:mia:wpaper:2010-20. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Parmeter)
If references are entirely missing, you can add them using this form.