Bargaining over governments in a stochastic environment

Antonio Merlo

    Research output: Contribution to journalArticle

    Abstract

    In this paper, I structurally estimate a stochastic bargaining model of government formation in a multiparty parliamentary democracy, and I conduct policy experiments to evaluate the effects of changes in the bargaining procedure. I show that the model fits well data on the duration of negotiations and government durations in postwar Italy. Also, I show that changes in the proposer selection process would not affect either the duration of negotiations or government durations, whereas the imposition of a strict deadline would in general reduce the incentives to delay agreement as well as government durations.

    Original languageEnglish (US)
    Pages (from-to)101-131
    Number of pages31
    JournalJournal of Political Economy
    Volume105
    Issue number1
    DOIs
    StatePublished - Feb 1997

    ASJC Scopus subject areas

    • Economics and Econometrics

    Fingerprint Dive into the research topics of 'Bargaining over governments in a stochastic environment'. Together they form a unique fingerprint.

  • Cite this