Article ID Journal Published Year Pages File Type
970059 Journal of Public Economics 2010 12 Pages PDF
Abstract

The selection of political representatives depends on the political system. Principals, such as voters or districts, may benefit by strategically electing representatives different from themselves. While a status-quo biased delegate may be a better negotiator, an enthusiastic representative has a better chance of being included in the majority coalition. A larger majority requirement leads to “conservative” delegation and hence a status quo bias; a poor minority protection does the opposite. Through strategic delegation, the political system also determines whether centralization or decentralization is beneficial.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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