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Economic Analysis of Political Institutions: An Introduction

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  • Roger B. Myerson

Abstract

This paper surveys four game-theoretic models of politics, to offer an introduction to the analysis of political institutions. The first two models focus on electoral competition, to show how successful candidates' equilibrium strategies may differ under different electoral systems. The other two models probe the consequences of legislative bargaining under different constitutional structures.

Suggested Citation

  • Roger B. Myerson, 1996. "Economic Analysis of Political Institutions: An Introduction," Discussion Papers 1155, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Handle: RePEc:nwu:cmsems:1155
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    References listed on IDEAS

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    1. Huber, John D., 1992. "Restrictive Legislative Procedures in France and the United States," American Political Science Review, Cambridge University Press, vol. 86(3), pages 675-687, September.
    2. Baron, David P. & Ferejohn, John A., 1989. "Bargaining in Legislatures," American Political Science Review, Cambridge University Press, vol. 83(4), pages 1181-1206, December.
    3. Myerson, Roger B. & Weber, Robert J., 1993. "A Theory of Voting Equilibria," American Political Science Review, Cambridge University Press, vol. 87(1), pages 102-114, March.
    4. Myerson, Roger B., 1993. "Incentives to Cultivate Favored Minorities Under Alternative Electoral Systems," American Political Science Review, Cambridge University Press, vol. 87(4), pages 856-869, December.
    5. James M. Snyder, 1991. "On Buying Legislatures," Economics and Politics, Wiley Blackwell, vol. 3(2), pages 93-109, July.
    6. Shugart,Matthew Soberg & Carey,John M., 1992. "Presidents and Assemblies," Cambridge Books, Cambridge University Press, number 9780521429900, November.
    7. Feddersen, Timothy J & Pesendorfer, Wolfgang, 1996. "The Swing Voter's Curse," American Economic Review, American Economic Association, vol. 86(3), pages 408-424, June.
    8. Galeotti, Gianluigi & Merlo, Antonio, 1994. "Political Collusion and Corruption in a Representative Democracy," Public Finance = Finances publiques, , vol. 49(Supplemen), pages 232-243.
    9. Daniel Diermeier & Roger B. Myerson, 1995. "Lobbying and Incentives for Legislative Organization," Discussion Papers 1134, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    10. Shugart,Matthew Soberg & Carey,John M., 1992. "Presidents and Assemblies," Cambridge Books, Cambridge University Press, number 9780521419628, November.
    11. Roger B. Myerson, 1995. "Analysis of Democratic Institutions: Structure, Conduct and Performance," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 77-89, Winter.
    12. Austen-Smith, David & Banks, Jeffrey, 1988. "Elections, Coalitions, and Legislative Outcomes," American Political Science Review, Cambridge University Press, vol. 82(2), pages 405-422, June.
    13. Cox, Gary W., 1994. "Strategic Voting Equilibria under the Single Nontransferable Vote," American Political Science Review, Cambridge University Press, vol. 88(3), pages 608-621, September.
    14. John Ledyard, 1984. "The pure theory of large two-candidate elections," Public Choice, Springer, vol. 44(1), pages 7-41, January.
    15. Richard D. Mckelvey & Raymond Riezman, 2013. "Seniority in Legislature," World Scientific Book Chapters, in: Raymond Riezman (ed.), International Trade Agreements and Political Economy, chapter 12, pages 185-199, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Bendor, Jonathan & Diermeier, Daniel & Ting, Michael, 2003. "A Behavioral Model of Turnout," American Political Science Review, Cambridge University Press, vol. 97(2), pages 261-280, May.
    2. David Austen-Smith & Jeffrey S. Banks, 1997. "Social Choice Theory," Discussion Papers 1196, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

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