Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/197198 
Authors: 
Year of Publication: 
2017
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 12 [Issue:] 2 [Publisher:] The Econometric Society [Place:] New Haven, CT [Year:] 2017 [Pages:] 555-586
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
This paper studies how electoral incentives influence the outcomes of political negotiations. It considers a game between two political parties that have to bargain over which policy to implement. While bargaining, the parties' popularity varies over time. Changes in popularity are partly exogenous and partly driven by the parties' actions. There is an election scheduled at a future date and the party with more popularity at the election date wins the vote. Electoral incentives can have substantial effects on bargaining outcomes. Periods of gridlock may arise when the election is close and parties have similar levels of popularity.
Subjects: 
Bargaining
elections
political gridlock
inefficient delay
JEL: 
C73
C78
D72
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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