A Dynamic Theory of Parliamentary Democracy 1

  title={A Dynamic Theory of Parliamentary Democracy 1},
  author={David P. Baron and Daniel Diermeier and Pohan Fong},
This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy with proportional representation in which the policy chosen in one period becomes the status quo for the next period. The electorate votes strategically by taking into account the likely governments that parties would form and the policies they would choose as a function of the status quo. The status quo thus a¤ects both the election outcomes and the bargaining power of the… CONTINUE READING
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