Policy Experimentation in Committees: A Case against Veto Rights under Redistributive Constraints

VINCENT ANESI; T. RENEE BOWEN

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Policy Experimentation in Committees: A Case against Veto Rights under Redistributive Constraints

机译：委员会的政策实验：重新分配约束下的否决权案件

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We study optimal policy experimentation by a committee. We consider a dynamic bargaining game in which committee members choose either a risky reform or a safe alternative each period. When no redistribution is allowed, the unique equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an equilibrium that supports optimal experimentation for any voting rule without veto players. With veto players, however, optimal policy experimentation is possible only with a sufficient amount of redistribution. We conclude that veto rights are more of an obstacle to optimal policy experimentation than are the constraints on redistribution themselves.

机译：我们研究了委员会的最佳政策实验。我们考虑一个动态谈判游戏，委员会成员选择风险改革或每个时期的安全替代方案。当不允许再分配时，独特的均衡结果是普遍存在的。当允许重新分配（甚至少量）时，总会存在均衡，支持任何没有否决竞选人员的任何投票规则的最佳实验。然而，通过否决播放器，只有最佳的政策实验只有足够的再分配。我们得出结论，否决权更加是最佳政策实验的障碍，而不是重新分配自己的制约因素。

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《American economic journal》 |2021年第3期|124-162|共39页
作者
VINCENT ANESI; T. RENEE BOWEN;
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作者单位

School of Economics University of Nottingham;

University of California. San Diego and NBER;

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Policy Experimentation in Committees: A Case against Veto Rights under Redistributive Constraints

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