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Presidential Reputation and the Veto

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  • Nolan M. McCarty

Abstract

This paper develops a dynamic model of the bargaining between a legislature and an executive with veto power. The dynamic nature of the model provides the executive with incentives to use the veto as a reputation building device in order to gain more favorable legislative outcomes. The model illustrates that the implicit threat of building a reputation may cause the legislature will be more accommodating in its proposals to the executive. The model illustrates the possibility of a ``honeymoon period'' of legislative accommodation followed by a decline in the president's influence. This paper also explores ways in which the legislature might mitigate the effects of presidential reputation building.

Suggested Citation

  • Nolan M. McCarty, 1997. "Presidential Reputation and the Veto," Economics and Politics, Wiley Blackwell, vol. 9(1), pages 1-26, March.
    • Handle: RePEc:bla:ecopol:v:9:y:1997:i:1:p:1-26
    DOI: 10.1111/1468-0343.00017
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    Cited by:

    1. Toke Aidt & Francesco Giovannoni, 2011. "Critical decisions and constitutional rules," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 37(2), pages 219-268, July.
    2. Lee, Barton E., 2022. "Gridlock, leverage, and policy bundling," Journal of Public Economics, Elsevier, vol. 212(C).
    3. S. Nageeb Ali & Navin Kartik & Andreas Kleiner, 2023. "Sequential Veto Bargaining With Incomplete Information," Econometrica, Econometric Society, vol. 91(4), pages 1527-1562, July.
    4. Groseclose, Timothy J. & McCarty, Nolan, 1999. "The Politics of Blame: Bargaining before an Audience," Research Papers 1617, Stanford University, Graduate School of Business.
    5. Fabio Franchino & Camilla Mariotto, 2013. "Explaining negotiations in the conciliation committee," European Union Politics, , vol. 14(3), pages 345-365, September.
    6. Arzu Kıbrıs, 2012. "Uncertainty and ratification failure," Public Choice, Springer, vol. 150(3), pages 439-467, March.
    7. Serra Boranbay-Akan & Thomas König & Moritz Osnabrügge, 2017. "The imperfect agenda-setter: Why do legislative proposals fail in the EU decision-making process?," European Union Politics, , vol. 18(2), pages 168-187, June.
    8. Mat McCubbins & Roger Noll & Barry Weingast, 2005. "The Political Economy of Law: Decision-Making by Judicial, Legislative, Executive and Administrative Agencies," Discussion Papers 04-035, Stanford Institute for Economic Policy Research.
    9. Donelson, Dain C. & Kubic, Matthew & Toynbee, Sara, 2024. "The SEC's September spike: Regulatory inconsistency within the fiscal year," Journal of Accounting and Economics, Elsevier, vol. 77(2).
    10. Peter Bils & William Spaniel, 2017. "Policy bargaining and militarized conflict," Journal of Theoretical Politics, , vol. 29(4), pages 647-678, October.
    11. Brandice Canes-Wrone, 2001. "A Theory of Presidents' Public Agenda Setting," Journal of Theoretical Politics, , vol. 13(2), pages 183-208, April.

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