Value of Bicameralism in a Repeated Voting Model (<Featured Theme>Law and Economics Revisited)

概要

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This paper investigates the role of bicameral system in alternatively elected two-chamber legislature model. In the model, the chamber elected in the previous period is given the power to veto the decision by the chamber elected in the current period. It is shown that the bicameralism is more likely to be beneficial when (i) the desirable policy is less likely to move, or (ii) the non-desirable policy is more likely to attain majority in current election.
2011-03-15