Bargaining over Governments in a Stochastic Environment
Journal of Political Economy
1997
open access
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.
- DOI
- 10.1086/262067
- Volume
- 105 (1)
- Pages
- 101-131
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref