- Journal Article
We examine public project provision and redistribution in a model of legislative bargaining and provide a foundation of how to channel the say. We consider a large and heterogeneous legislature and show that socially optimal outcomes are obtained by a mechanism based on the majority rule that involves two proposal-making rounds, with the minority moving first and the majority moving second. Show more
Journal / seriesEconomic Theory
Pages / Article No.
SubjectLegislative bargaining; Majority rule; Incomplete social contracts; Public project provision; Transfers
Organisational unit03729 - Gersbach, Hans / Gersbach, Hans
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