Bargaining in legislatures over private and public goods with endogenous recognition

Date

2019-12-01

Author

Genc, Hakan
Küçükşenel, Serkan

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

202
views

0
downloads

This paper studies a sequential model of multilateral bargaining under majority rule in which legislators make decisions in both private and public good dimensions via an endogenous recognition process. Legislators can expend resources to become the proposer and to make proposals about the allocation of private and public goods. We show that legislators exert unproductive effort to be the proposer and make proposals in both dimensions depending on legislative preferences. Effort choices in equilibrium depend mainly on preferences in both distributional and ideological dimensions as well as the patience level of legislators and the legislature's size. We also show that in a diverse legislature it may be possible to observe distributive policies when the majority of legislators have collective-leaning preferences, or vice versa.

Subject Keywords

Economics and Econometrics, Sociology and Political Science

URI

https://hdl.handle.net/11511/46269

Journal

PUBLIC CHOICE

DOI

https://doi.org/10.1007/s11127-019-00661-z

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

Bargaining in legislatures over private and public goods with endogenous recognition Genç, Hakan; Küçükşenel, Serkan; Department of Economics (2016) In this thesis, we examine a sequential model of multilateral bargaining in which legislators make decisions over both private and public good dimensions under unanimity rule. We assume that recognition process is endogenous. Legislators expend effort to be the proposer. In symmetric case, since all legislators are identical, even if the legislators exert effort to be the proposer, model behaves like an exogenous model. However, cut-off values that indicate legislators’ political opinion differs from the pr...
Interest rate rules and welfare in open economies Senay, Ozge (Wiley, 2008-07-01) This paper analyses the welfare performance of a set of five alternative interest rate rules in an open economy stochastic dynamic general equilibrium model with nominal rigidities. A rule with a lagged interest rate term, high feedback on inflation and low feedback on output is found to yield the highest welfare for a small open economy. This result is robust across different degrees of openness, different sources of home and foreign shocks, alternative foreign monetary rules and different specifications f...
The role of intermediaries in corruption Bayar, G (Springer Science and Business Media LLC, 2005-03-01) The aim of the article is to examine a briber initiated corrupt transaction and the role of intermediaries in such a transaction, using a game theoretical model. Clients applying the intermediaries do so to be able to get rid of high red tape applied by the officers. They prefer using intermediary instead of offering a bribe to the officers directly since they do not know which officers are corrupt (accepts a bribe offer) and how much bribe should be given to the corrupt officers.
SIMULATING CAPITAL INCOME TAXATION AND WELFARE UNDER A DSGE FRAMEWORK Ünal, Umut (Wroclaw University of Economics and Business, 2018-01-01) This paper develops a dynamic stochastic general equilibrium (DSGE) model for analyzing the impact of various capital income tax policies in a small open economy populated by households possessing endogenous time preferences. We contribute to the literature by studying the impacts of: i) anticipated tax shocks under stochastically growing output, ii) stochastic tax shocks under deterministic output, on our dynamic general equilibrium framework. With our model's specifications, this is the first attempt to i...
Critical realism as a rival methodology for institutional economics Gürpınar, Erkan; Özveren, Eyüp; Department of Economics (2008) The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reach...

Citation Formats

H. Genc and S. Küçükşenel, “Bargaining in legislatures over private and public goods with endogenous recognition,” PUBLIC CHOICE, pp. 351–373, 2019, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/46269.