Bicameralism and Government Formation, Second Version
In this paper we present a structural approach to the study of government formation in multi-party parliamentary democracies. The approach is based on the estimation of a stochastic bargaining model which we use to investigate the effects of specific institutional features of parliamentary democracy on the formation and stability of coalition governments. We then apply our methodology to estimate the effects of governmental bicameralism. Our main findings are that eliminating bicameralism does not affect government durability, but does have a significant effect on the composition of governments leading to smaller coalitions. These results are due to an equilibrium replacement effect: removing bicameralism affects the relative durability of coalitions of different sizes which in turn induces changes in the coalitions that are chosen in equilibrium.
|Date of creation:||01 May 2002|
|Date of revision:||01 Feb 2007|
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Web page: http://economics.sas.upenn.edu/pier
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- Merlo, A., 1992.
"Bargaining Over Governments in a Stochastic Environment,"
92-55, C.V. Starr Center for Applied Economics, New York University.
- Merlo, Antonio, 1997. "Bargaining over Governments in a Stochastic Environment," Journal of Political Economy, University of Chicago Press, vol. 105(1), pages 101-131, February.
- Merlo, Antonio, 1996. "Bargaining over governments in a stochastic environment," Bulletins 7476, University of Minnesota, Economic Development Center.
- Diermeier, Daniel & Merlo, Antonio, 1998.
"Government turnover in parliamentary democracies,"
7453, University of Minnesota, Economic Development Center.
- Diermeier, Daniel & Merlo, Antonio, 1998. "Government Turnover in Parliamentary Democracies," Working Papers 98-31, C.V. Starr Center for Applied Economics, New York University.
- Daniel Diermeier & Antonio Merlo, 1998. "Government Turnover in Parliamentary Democracies," Discussion Papers 1232, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- David P. Baron & Daniel Diermeier, 2001. "Elections, Governments, and Parliaments in Proportional Representation Systems," The Quarterly Journal of Economics, Oxford University Press, vol. 116(3), pages 933-967.
- Roger B. Myerson & Daniel Diermeier, 1999. "Bicameralism and Its Consequences for the Internal Organization of Legislatures," American Economic Review, American Economic Association, vol. 89(5), pages 1182-1196, December.
- Rust, John, 1987. "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher," Econometrica, Econometric Society, vol. 55(5), pages 999-1033, September.
- Antonio Merlo & Charles Wilson, 1997. "Efficient delays in a stochastic model of bargaining," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(1), pages 39-55.
- Merlo, Antonio & Wilson, Charles A, 1995. "A Stochastic Model of Sequential Bargaining with Complete Information," Econometrica, Econometric Society, vol. 63(2), pages 371-399, March.
- Daniel Diermeier & Keith Krehbiel, 2003. "Institutionalism as a Methodology," Journal of Theoretical Politics, SAGE Publishing, vol. 15(2), pages 123-144, April.
- Daniel Diermeier & Antoni Merlo, 1999.
"An Empirical Investigation of Coalitional Bargaining Procedures,"
1267, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Diermeier, Daniel & Merlo, Antonio, 2004. "An empirical investigation of coalitional bargaining procedures," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 783-797, March.
- Daniel Diermeier & Hulya Eraslan & Antonio Merlo, 2003. "A Structural Model of Government Formation," Econometrica, Econometric Society, vol. 71(1), pages 27-70, January.
- Cindy Skach, 2005. "Constitutional Origins of Dictatorship and Democracy," Constitutional Political Economy, Springer, vol. 16(4), pages 347-368, December.
- Weingast, Barry R. & Wittman, Donald, 2008. "The Oxford Handbook of Political Economy," OUP Catalogue, Oxford University Press, number 9780199548477, December.
- Antonio Merlo, 1998. "Economic Dynamics And Government Stability In Postwar Italy," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 629-637, November.
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