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Endogenous Limits on Proposal Power

Author

Listed:
  • Pohan Fong

    (Northwestern University)

  • Daniel Diermeier

    (Northwestern University)

Abstract

We present a dynamic model of legislative bargaining in which policy making proceeds until the proposer has no more incentive to make a new proposal to replace the previously approved policy. We characterize stationary Markov perfect equilibria for the game and show that in all pure-strategy equilibria, a majority of voters without proposal power have an incentive to protect each others' benefits to secure their own long-term bargaining positions in the legislature. As a consequence, the value of proposal power is constrained.

Suggested Citation

  • Pohan Fong & Daniel Diermeier, 2008. "Endogenous Limits on Proposal Power," 2008 Meeting Papers 521, Society for Economic Dynamics.
    • Handle: RePEc:red:sed008:521
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    Cited by:

    1. John Duggan & Tasos Kalandrakis, 2011. "A Newton collocation method for solving dynamic bargaining games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 36(3), pages 611-650, April.
    2. Daniel Diermeier & Pohan Fong, 2011. "Legislative Bargaining with Reconsideration," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(2), pages 947-985.

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