Abstract We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo for the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities, and we

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

During the 1980s and 1990s, state legislatures became significantly involved in developing policy that determined how and where students should be offered their K-12 education. These legislative acts have occurred most notably in the passage of revision of policy dealing with public school finance

We present a general model of legislative bargaining in which the status quo is an arbitrary point in a multidimensional policy space. In contrast to other bargaining models, the status quo is not assumed to be “bad,” and delay may be Pareto efficient. We prove existence of stationary equilibria

Hispanic Caucus of State Legislators (NHCSL). The initiative brings state legislators together with public health experts and officials from the Centers for Disease Control and Prevention (CDC) and state health departments to share information and identify innovative policy solutions. Healthy States

A partnership to promote public health The Healthy States Initiative helps state leaders access the information they need to make informed decisions on public health issues. The initiative brings together state legislators, Centers for Disease Control and Prevention (CDC) officials, state health

A partnership to promote public health The Healthy States Initiative helps state leaders access the information they need to make informed decisions on public health issues. The initiative brings together state legislators, Centers for Disease Control and Prevention (CDC) officials, state health

What is the news on Florida’s student performance since the passage of the A+ legislation? This brief presents a review of long-term data on five state and national indicators. It verifies outcomes and trends and examines the main premise of the A+ mandate that, given appropriate schooling

, such an assumption appears theoretically and empirically unsound. Second, even though the scaling of roll-call votes implies legislators’ preferences among the bills making up the scale, the preferences inferred from this scaling are not equivalent to legislators ’ stated preferences. Finally, policy positions

. The inefficiency of public decision making has long been a concern for students of public policy. Models of bureaucratic behavior, legis-lative institutions, interest-group influence, vote-maximizing politi-cians, and fiscal illusion all point toward sources of bias in these nonmarket contexts.! Yet none has