| Srl | Item |
| 1 |
ID:
165402
|
|
|
|
|
| Summary/Abstract |
We experimentally investigate the informational theory of legislative committees (Gilligan and Krehbiel 1989). Two committee members provide policy-relevant information to a legislature under alternative legislative rules. Under the open rule, the legislature is free to make any decision; under the closed rule, the legislature chooses between a member’s proposal and a status quo. We find that even in the presence of biases, the committee members improve the legislature’s decision by providing useful information. We obtain evidence for two additional predictions: the outlier principle, according to which more extreme biases reduce the extent of information transmission; and the distributional principle, according to which the open rule is more distributionally efficient than the closed rule. When biases are less extreme, we find that the distributional principle dominates the restrictive-rule principle, according to which the closed rule is more informationally efficient. Overall, our findings provide experimental support for Gilligan and Krehbiel’s informational theory.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
ID:
113559
|
|
|
|
|
| Publication |
2012.
|
| Summary/Abstract |
We present a legislative bargaining model of the provision of a durable public good over an infinite horizon. In each period, there is a societal endowment that can either be invested in the public good or consumed. We characterize the optimal public policy, defined by the time path of investment and consumption. In a legislature representatives of each of n districts bargain over the current period's endowment for investment in the public good and transfers to each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes required for passage. We show that the efficiency of the public policy is increasing in q because higher q leads to higher investment in the public good and less pork. We examine the theoretical equilibrium predictions by conducting a laboratory experiment with five-person committees that compares three alternative voting rules: unanimity (q = 5), majority (q = 3), and dictatorship (q = 1).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|