Abstract
This paper studies compromise and inflexibility in political negotiations. It provides the first analysis of gridlock, a result in which politicians fail to agree on an ideal compromise but which most voters find preferable to the status quo. A multistage game is developed in which contending political blocs choose from hardline or compromise strategies. The outcomes compromise, gridlock, or one party's ideal legislation—are a function of the incentives of political actors to cooperate or fight. The model illustrates problems in political markets that may occur when consumers are poorly informed.
Original language | American English |
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Pages (from-to) | 238-251 |
Journal | Atlantic Economic Journal |
Volume | 26 |
State | Published - Sep 1998 |
Keywords
- gridlock
- strategic behavior
- legislative deliberations
- political science
- political strikes
Disciplines
- Economics
- Social and Behavioral Sciences