On the Political Economy of Sequential Reforms
This paper proposes an explanation of why efficient reforms are not carried out when losers have the power to plock their implementation.
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|Date of creation:||2001|
|Date of revision:|
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- David Kreps & Robert Wilson, 1999.
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4551798, Harvard University Department of Economics.
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- Rui Castro & Daniele Coen-Pirani, . "Reform Implementation Under Sequential Bargaining," GSIA Working Papers 2001-E6, Carnegie Mellon University, Tepper School of Business.
- Besley, Timothy & Coate, Stephen, 1998. "Sources of Inefficiency in a Representative Democracy: A Dynamic Analysis," American Economic Review, American Economic Association, vol. 88(1), pages 139-56, March.
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