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Inefficiency in Legislative Policymaking: A Dynamic Analysis

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Cited by:

  1. Carozzi, Felipe & Repetto, Luca, 2016. "Sending the pork home: Birth town bias in transfers to Italian municipalities," Journal of Public Economics, Elsevier, vol. 134(C), pages 42-52.
  2. Francesco Squintani, 2012. "Introduction to the symposium in political economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(3), pages 513-519, April.
  3. Marco Battaglini & Stephen Coate, 2007. "Inefficiency in Legislative Policymaking: A Dynamic Analysis," American Economic Review, American Economic Association, vol. 97(1), pages 118-149, March.
  4. Renström, Thomas I & Marsiliani, Laura, 2007. "Political Institutions and Economic Growth," CEPR Discussion Papers 6143, C.E.P.R. Discussion Papers.
  5. Landry, Joel R., 2021. "The political allocation of green pork and its implications for federal climate policy," Journal of Public Economics, Elsevier, vol. 201(C).
  6. Anders Gustafsson, 2019. "Busy doing nothing: why politicians implement inefficient policies," Constitutional Political Economy, Springer, vol. 30(3), pages 282-299, September.
  7. Jinhui H. Bai & Roger Lagunoff, 2011. "On the Faustian Dynamics of Policy and Political Power," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(1), pages 17-48.
  8. Lee, Barton E., 2022. "Gridlock, leverage, and policy bundling," Journal of Public Economics, Elsevier, vol. 212(C).
  9. Karakas, Leyla D., 2017. "Political rents under alternative forms of judicial review," International Review of Law and Economics, Elsevier, vol. 52(C), pages 86-96.
  10. Tasos Kalandrakis, 2010. "Minimum winning coalitions and endogenous status quo," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(4), pages 617-643, October.
  11. Nunnari, Salvatore, 2021. "Dynamic legislative bargaining with veto power: Theory and experiments," Games and Economic Behavior, Elsevier, vol. 126(C), pages 186-230.
  12. S Nageeb Ali & B Douglas Bernheim & Xiaochen Fan, 2019. "Predictability and Power in Legislative Bargaining," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(2), pages 500-525.
  13. Eraslan, Hülya & McLennan, Andrew, 2013. "Uniqueness of stationary equilibrium payoffs in coalitional bargaining," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2195-2222.
  14. Alessandro Riboni & Facundo Piguillem, 2011. "Dynamic Bargaining over Redistribution in Legislatures," 2011 Meeting Papers 1320, Society for Economic Dynamics.
  15. Tremewan, James & Vanberg, Christoph, 2018. "Voting rules in multilateral bargaining: using an experiment to relax procedural assumptions," Working Papers 0651, University of Heidelberg, Department of Economics.
  16. Hülya Eraslan & Kirill S. Evdokimov & Jan Zápal, 2022. "Dynamic Legislative Bargaining," Springer Books, in: Emin Karagözoğlu & Kyle B. Hyndman (ed.), Bargaining, chapter 0, pages 151-175, Springer.
  17. Marina Azzimonti & Laura Karpuska & Gabriel Mihalache, 2023. "Bargaining Over Taxes And Entitlements In The Era Of Unequal Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(3), pages 893-941, August.
  18. Natvik, Gisle J., 2013. "The political economy of fiscal deficits and government production," European Economic Review, Elsevier, vol. 58(C), pages 81-94.
  19. Pohan Fong, 2008. "Endogenous Limits on Proposal Power," Discussion Papers 1465, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  20. Gary D. Libecap & Terry L. Anderson, 2009. "The Allocation and Dissipation of Resource Rents: Implications for Fishery Reform," ICER Working Papers 13-2009, ICER - International Centre for Economic Research.
  21. Bård Harstad, 2016. "The Dynamics of Climate Agreements," Journal of the European Economic Association, European Economic Association, vol. 14(3), pages 719-752.
  22. Celik, Levent & Karabay, Bilgehan & McLaren, John, 2013. "Trade policy-making in a model of legislative bargaining," Journal of International Economics, Elsevier, vol. 91(2), pages 179-190.
  23. Roger Lagunoff (Georgetown University), 2005. "Markov Equilibrium in Models of Dynamic Endogenous Political Institutions," Working Papers gueconwpa~05-05-07, Georgetown University, Department of Economics.
  24. Andrei S. Akhremenko & Alexander P. Petrov & Egor A. Yureskul, 2015. "Cyclically Balanced Growth Paths in a Model of Economic Growth with Endogenous Policy Switching," HSE Working papers WP BRP 109/EC/2015, National Research University Higher School of Economics.
  25. Toke S. Aidt & Julia Shvets, 2012. "Distributive Politics and Electoral Incentives: Evidence from Seven US State Legislatures," American Economic Journal: Economic Policy, American Economic Association, vol. 4(3), pages 1-29, August.
  26. Marco Bassetto, 2009. "The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 10(2), April.
  27. Marco Bassetto & Leslie McGranahan, 2021. "Mobility, Population Growth, and Public Capital Spending in the United States," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 255-277, July.
  28. Zinna, Gabriele, 2014. "Identifying risks in emerging market sovereign and corporate bond spreads," Emerging Markets Review, Elsevier, vol. 20(C), pages 1-22.
  29. Pascal Gautier & Raphael Soubeyran, 2005. "Political Cycles: the Opposition Advantage," Public Economics 0510019, University Library of Munich, Germany.
  30. Daniel Diermeier & Pohan Fong, 2011. "Bargaining over the budget," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 36(3), pages 565-589, April.
  31. Andrzej Baranski, 2019. "Endogenous claims and collective production: an experimental study on the timing of profit-sharing negotiations and production," Experimental Economics, Springer;Economic Science Association, vol. 22(4), pages 857-884, December.
  32. T. Renee Bowen & Ying Chen & H?lya Eraslan, 2014. "Mandatory versus Discretionary Spending: The Status Quo Effect," American Economic Review, American Economic Association, vol. 104(10), pages 2941-2974, October.
  33. Marco Battaglini & Stephen Coate, 2008. "A Dynamic Theory of Public Spending, Taxation, and Debt," American Economic Review, American Economic Association, vol. 98(1), pages 201-236, March.
  34. Bowen, T. Renee & Chen, Ying & Eraslan, Hülya & Zápal, Jan, 2017. "Efficiency of flexible budgetary institutions," Journal of Economic Theory, Elsevier, vol. 167(C), pages 148-176.
  35. , & , J., 2014. "Bargaining over an endogenous agenda," Theoretical Economics, Econometric Society, vol. 9(2), May.
  36. Jon Fiva & Gisle Natvik, 2013. "Do re-election probabilities influence public investment?," Public Choice, Springer, vol. 157(1), pages 305-331, October.
  37. César Martinelli & John Duggan, 2014. "The Political Economy of Dynamic Elections: A Survey and Some New Results," Working Papers 1403, Centro de Investigacion Economica, ITAM.
  38. Chatterjee, Satyajit & Eyigungor, Burcu, 2019. "Endogenous political turnover and fluctuations in sovereign default risk," Journal of International Economics, Elsevier, vol. 117(C), pages 37-50.
  39. Alessandro Riboni & Francisco J. Ruge-Murcia, 2010. "Monetary Policy by Committee: Consensus, Chairman Dominance, or Simple Majority?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(1), pages 363-416.
  40. Anesi, Vincent, 2010. "Noncooperative foundations of stable sets in voting games," Games and Economic Behavior, Elsevier, vol. 70(2), pages 488-493, November.
  41. Raphaël Soubeyran & Pascal Gautier, 2008. "Political Cycles: Issue Ownership and the Opposition Advantage," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 685-716, August.
  42. Francesco Lancia & Alessia Russo, 2010. "A Dynamic Politico-Economic Model of Intergenerational Contracts," Center for Economic Research (RECent) 050, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
  43. Giorgio Bellettini & Paolo Roberti, 2020. "Politicians’ coherence and government debt," Public Choice, Springer, vol. 182(1), pages 73-91, January.
  44. Agranov, Marina & Cotton, Christopher & Tergiman, Chloe, 2020. "Persistence of power: Repeated multilateral bargaining with endogenous agenda setting authority," Journal of Public Economics, Elsevier, vol. 184(C).
  45. Barseghyan, Levon & Battaglini, Marco & Coate, Stephen, 2013. "Fiscal policy over the real business cycle: A positive theory," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2223-2265.
  46. Marina Azzimonti, 2015. "The dynamics of public investment under persistent electoral advantage," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 653-678, July.
  47. Jinhee Jo & David M Primo & Yoji Sekiya, 2017. "Policy dynamics and electoral uncertainty in the appointments process," Journal of Theoretical Politics, , vol. 29(1), pages 124-148, January.
  48. Tasos Kalandrakis, 2007. "Majority Rule Dynamics with Endogenous Status Quo," Wallis Working Papers WP46, University of Rochester - Wallis Institute of Political Economy.
  49. Larry Karp & Armon Rezai, 2014. "The Political Economy Of Environmental Policy With Overlapping Generations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(3), pages 711-733, August.
  50. Marcelin Joanis, 2011. "The road to power: partisan loyalty and the centralized provision of local infrastructure," Public Choice, Springer, vol. 146(1), pages 117-143, January.
  51. Antonio Cusato Novelli, 2021. "Sovereign default, political instability and political fragmentation," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 732-755, September.
  52. Christopher Cotton, 2010. "Dynamic Legislative Bargaining with Endogenous Agenda Setting Authority," Working Papers 2010-20, University of Miami, Department of Economics.
  53. Daniel Diermeier & Georgy Egorov & Konstantin Sonin, 2013. "Endogenous Property Rights," NBER Working Papers 19734, National Bureau of Economic Research, Inc.
  54. Kim, Duk Gyoo & Lim, Wooyoung, 2024. "Multilateral bargaining over the division of losses," Games and Economic Behavior, Elsevier, vol. 146(C), pages 59-76.
  55. Malginov, Georgiy (Мальгинов, Георгий) & Radygin, Alexander (Радыгин, Александр), 2015. "Property management of the state treasury of the Russian Federation: some of the current trends [Управление Имуществом Государственной Казны Рф: Некоторые Актуальные Тенденции]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 20-46.
  56. Marco Battaglini & Stephen Coate, 2011. "Fiscal Policy and Unemployment," NBER Working Papers 17562, National Bureau of Economic Research, Inc.
  57. Agranov, Marina & Tergiman, Chloe, 2014. "Communication in multilateral bargaining," Journal of Public Economics, Elsevier, vol. 118(C), pages 75-85.
  58. Marco Battaglini & Salvatore Nunnari & Thomas R. Palfrey, 2014. "Dynamic Free Riding with Irreversible Investments," American Economic Review, American Economic Association, vol. 104(9), pages 2858-2871, September.
  59. Guillaume R. Fréchette & Emanuel Vespa, 2017. "The determinants of voting in multilateral bargaining games," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 3(1), pages 26-43, July.
  60. Maskin, Eric & Tirole, Jean, 2019. "Pandering and pork-barrel politics," Journal of Public Economics, Elsevier, vol. 176(C), pages 79-93.
  61. Stoyan Tanchev & Naftaly Mose, 2023. "Fiscal Policy and Economic Growth: Evidence from European Union Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 19-36.
  62. Zapal, Jan, 2020. "Simple Markovian equilibria in dynamic spatial legislative bargaining," European Journal of Political Economy, Elsevier, vol. 63(C).
  63. Roger Lagunoff, 2004. "The Dynamic Reform of Political Institutions," Econometric Society 2004 Latin American Meetings 47, Econometric Society.
  64. Barseghyan, Levon & Coate, Stephen, 2021. "Community development by public wealth accumulation," Journal of Urban Economics, Elsevier, vol. 121(C).
  65. Jørgen Andersen, 2012. "Costs of taxation and the size of government," Public Choice, Springer, vol. 153(1), pages 83-115, October.
  66. Larry Karp & Armon Rezai, 2022. "Trade and Resource Sustainability with Asset Markets," Dynamic Games and Applications, Springer, vol. 12(3), pages 929-953, September.
  67. Alex Schmitt, 2018. "Optimal Carbon Pricing and Income Taxation Without Commitment," ifo Working Paper Series 274, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
  68. Barseghyan, Levon & Guerdjikova, Ani, 2011. "Institutions and growth in limited access societies," Journal of Economic Theory, Elsevier, vol. 146(2), pages 528-568, March.
  69. Forand, Jean Guillaume, 2014. "Two-party competition with persistent policies," Journal of Economic Theory, Elsevier, vol. 152(C), pages 64-91.
  70. Duggan, John & Kalandrakis, Tasos, 2012. "Dynamic legislative policy making," Journal of Economic Theory, Elsevier, vol. 147(5), pages 1653-1688.
  71. Marina Azzimonti, 2018. "The Politics Of Fdi Expropriation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(2), pages 479-510, May.
  72. Marco Battaglini & Salvatore Nunnari & Thomas Palfrey, 2011. "The Free Rider Problem: a Dynamic Analysis," Working Papers 1354, Princeton University, Department of Economics, Econometric Research Program..
  73. Schilling, Linda, 2020. "On the (Ir)relevance of Firm Size for Bail-outs under Voter-Neutrality: The Case of Foreign Stakeholders," CEPR Discussion Papers 15508, C.E.P.R. Discussion Papers.
  74. Battaglini, Marco & Nunnari, Salvatore & Palfrey, Thomas R., 2012. "Legislative Bargaining and the Dynamics of Public Investment," American Political Science Review, Cambridge University Press, vol. 106(4), pages 908-909, November.
  75. Timothy Besley & Ethan Ilzetzki & Torsten Persson, 2013. "Weak States and Steady States: The Dynamics of Fiscal Capacity," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(4), pages 205-235, October.
  76. Marco Battaglini & Thomas Palfrey, 2012. "The dynamics of distributive politics," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(3), pages 739-777, April.
  77. Gersbach, Hans & Britz, Volker, 2018. "Open Rule Legislative Bargaining," CEPR Discussion Papers 12966, C.E.P.R. Discussion Papers.
  78. Besley, Timothy, 2011. "Pathologies of the state," Journal of Economic Behavior & Organization, Elsevier, vol. 80(2), pages 339-350.
  79. Kimiko Terai, 2009. "Interregional Disparities in Productivity and the Choice of Fiscal Regime," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(3), pages 383-409, June.
  80. Hans Gersbach & Stephan Imhof & Oriol Tejada, 2021. "Channeling the final say in politics: a simple mechanism," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(1), pages 151-183, February.
  81. Marina Azzimonti & Laura Karpuska & Gabriel Mihalache, 2020. "Bargaining over Mandatory Spending and Entitlements," Department of Economics Working Papers 20-02, Stony Brook University, Department of Economics.
  82. 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.
  83. Barseghyan, Levon & Coate, Stephen, 2014. "Bureaucrats, voters, and public investment," Journal of Public Economics, Elsevier, vol. 119(C), pages 35-48.
  84. Giuseppe Vita & Livio Ferrante, 2021. "Is legislation grease or sand to economic growth? An econometric analysis using data from Italian regions before and after the 2008 crisis," European Journal of Law and Economics, Springer, vol. 51(3), pages 541-561, June.
  85. Marco Bassetto & Leslie McGranahan, 2009. "On the relationship between mobility, population growth, and capital spending in the United States," Working Paper Series WP-09-25, Federal Reserve Bank of Chicago.
  86. Rehme, Günther, 2014. "Endogenous (re-)distributive policies and economic growth: A comparative static analysis," Economic Modelling, Elsevier, vol. 40(C), pages 355-366.
  87. Elizabeth Maggie Penn, 2009. "A Model of Farsighted Voting," American Journal of Political Science, John Wiley & Sons, vol. 53(1), pages 36-54, January.
  88. Johanna Goertz, 2011. "Omnibus or not: package bills and single-issue bills in a legislative bargaining game," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 36(3), pages 547-563, April.
  89. Jon Fiva & Gisle Natvik, 2013. "Do re-election probabilities influence public investment?," Public Choice, Springer, vol. 157(1), pages 305-331, October.
  90. Di Guilmi, Corrado & Galanis, Giorgos, 2021. "Convergence and divergence in dynamic voting with inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 187(C), pages 137-158.
  91. D. Masciandaro, 2019. "What Bird Is That? Central Banking And Monetary Policy In The Last Forty Years," BAFFI CAREFIN Working Papers 19127, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
  92. Marina Azzimonti, 2010. "Political ideology as a source of business cycles," 2010 Meeting Papers 647, Society for Economic Dynamics.
  93. Daniel Höhmann, 2017. "The effect of legislature size on public spending: evidence from a regression discontinuity design," Public Choice, Springer, vol. 173(3), pages 345-367, December.
  94. Yong-Ju Lee, 2011. "A Game-Theoretic Explanation on Legislative Inefficiency in Korea," Korean Economic Review, Korean Economic Association, vol. 27, pages 293-309.
  95. Donato Masciandaro & Riccardo Russo, 2022. "Central Banks and Climate Policy: Unpleasant Trade–Offs? A Principal–Agent Approach," BAFFI CAREFIN Working Papers 22181, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
  96. David Baron & Daniel Diermeier & Pohan Fong, 2012. "A dynamic theory of parliamentary democracy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(3), pages 703-738, April.
  97. Kim, Duk Gyoo, 2019. "Recognition without replacement in legislative bargaining," Games and Economic Behavior, Elsevier, vol. 118(C), pages 161-175.
  98. Kimiko Terai, 2008. "Interregional Disparities in Productivity and the Choice of Fiscal Regime," Working Papers 070813, University of California-Irvine, Department of Economics.
  99. Hans Gersbach & Fikri Pitsuwan & Giovanni Valvassori Bolgè, 2024. "Volatility and Resilience of Democratic Public-Good Provision," CESifo Working Paper Series 11004, CESifo.
  100. Emanuel Vespa & Alistair J. Wilson, 2015. "Dynamic Incentives and Markov Perfection: Putting the 'Conditional' in Conditional Cooperation," CESifo Working Paper Series 5413, CESifo.
  101. Carolina Guerini & Donato Masciandaro & Alessia Papini, 2024. "Literacy and Financial Education: Private Providers, Public Certification and Political Preferences," BAFFI CAREFIN Working Papers 24223, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
  102. Tasos Kalandrakis, 2016. "Pareto efficiency in the dynamic one-dimensional bargaining model," Journal of Theoretical Politics, , vol. 28(4), pages 525-536, October.
  103. Francesco Lancia & Alessia Russo, 2010. "A Dynamic Politico-Economic Model of Intergenerational Contracts," Center for Economic Research (RECent) 050, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
  104. Daniel Diermeier & Georgy Egorov & Konstantin Sonin, 2017. "Political Economy of Redistribution," Econometrica, Econometric Society, vol. 85, pages 851-870, May.
  105. Sonin, Konstantin & Acemoglu, Daron & Egorov, Georgy, 2020. "Institutional Change and Institutional Persistence," CEPR Discussion Papers 15295, C.E.P.R. Discussion Papers.
  106. 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.
  107. Marina Azzimonti, 2015. "The dynamics of public investment under persistent electoral advantage," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 653-678, July.
  108. Stephen Coate, 2013. "Evaluating Durable Public Good Provision using Housing Prices," NBER Working Papers 18767, National Bureau of Economic Research, Inc.
  109. Marina Azzimonti & Gabriel P. Mihalache & Laura Karpuska, 2020. "Bargaining over Taxes and Entitlements," NBER Working Papers 27595, National Bureau of Economic Research, Inc.
  110. Stephen Coate & Yanlei Ma, 2017. "Evaluating The Social Optimality Of Durable Public Good Provision Using The Housing Price Response To Public Investment," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(1), pages 3-31, February.
  111. Jean Guillaume Forand & John Duggan, 2013. "Markovian Elections," Working Papers 1305, University of Waterloo, Department of Economics, revised Oct 2013.
  112. Anmol Bhandari & David Evans & Mikhail Golosov & Thomas J. Sargent, 2013. "Taxes, Debts, and Redistributions with Aggregate Shocks," NBER Working Papers 19470, National Bureau of Economic Research, Inc.
  113. Pohan Fong & Daniel Diermeier, 2007. "Policy Persistence in Multi-party Parliamentary Democracies," 2007 Meeting Papers 248, Society for Economic Dynamics.
  114. Di Vita Giuseppe, 2015. "Centralization versus Decentralization of Legislative Production and the Effect on Litigation: A Case Study," Review of Law & Economics, De Gruyter, vol. 11(2), pages 267-291, July.
  115. Karakas, Leyla D., 2017. "Institutional constraints and the inefficiency in public investments," Journal of Public Economics, Elsevier, vol. 152(C), pages 93-101.
  116. Martin Gonzalez-Eiras & Dirk Niepelt, 2015. "Politico-Economic Equivalence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 843-862, October.
  117. Vincent Anesi & Daniel J Seidmann, 2012. "Bargaining in Standing Committees," Discussion Papers 2012-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  118. Laura Marsiliani & Thomas Renström, 2007. "Political institutions and economic growth," Economics of Governance, Springer, vol. 8(3), pages 233-261, May.
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