Inefficiency in Legislative Policymaking: A Dynamic Analysis Export

@article{citeulike:1946952, abstract = {This paper develops an infinite horizon model of public spending and taxation in which policy decisions are determined by legislative bargaining. The policy space incorporates both productive and distributive public spending and distortionary taxation. The productive spending is investing in a public good that benefits all citizens (e.g., national defense) and the distributive spending is district-specific transfers (e.g., pork-barrel spending). Investment in the public good creates a dynamic linkage across policymaking periods. The analysis explores the dynamics of legislative policy choices, focusing on the efficiency of the steady-state level of taxation and allocation of spending.}, author = {Battaglini, Marco and Coate, Stephen}, citeulike-article-id = {1946952}, citeulike-linkout-0 = {http://www.atypon-link.com/AEAP/doi/abs/10.1257/aer.97.1.118}, journal = {American Economic Review}, keywords = {formaltheory, legislative, politicaleconomy, sizeofgovernment}, number = {1}, pages = {118--149}, posted-at = {2007-11-20 20:04:02}, priority = {2}, title = {Inefficiency in Legislative Policymaking: A Dynamic Analysis}, url = {http://www.atypon-link.com/AEAP/doi/abs/10.1257/aer.97.1.118}, volume = {97}, year = {2007} }

TY - JOUR ID - citeulike:1946952 L3 - citeulike-article-id:1946952 N2 - This paper develops an infinite horizon model of public spending and taxation in which policy decisions are determined by legislative bargaining. The policy space incorporates both productive and distributive public spending and distortionary taxation. The productive spending is investing in a public good that benefits all citizens (e.g., national defense) and the distributive spending is district-specific transfers (e.g., pork-barrel spending). Investment in the public good creates a dynamic linkage across policymaking periods. The analysis explores the dynamics of legislative policy choices, focusing on the efficiency of the steady-state level of taxation and allocation of spending. IS - 1 JF - American Economic Review EP - 149 TI - Inefficiency in Legislative Policymaking: A Dynamic Analysis VL - 97 SP - 118 KW - formaltheory KW - legislative KW - politicaleconomy KW - sizeofgovernment AU - Battaglini, Marco AU - Coate, Stephen PY - 2007/// UR - http://www.atypon-link.com/AEAP/doi/abs/10.1257/aer.97.1.118 ER -