Veto Players, Intertemporal Interactions and Policy Adaptability: How Do Political Institutions Work?
Research Department - Inter-American Development Bank (IDB)
Universidad de San Andres - Department of Economics
Inter-American Development Bank (IDB)
IDB Working Paper No. 545
Veto player theory argues that a higher number of veto players lowers the likelihood of change; in turn, policies that do not change help to sustain commitments but may prevent adaptation to changing circumstances. This paper challenges that claim by arguing that policy stability does not necessarily mean lower policy adaptability. If policymaking takes place over time with actors interacting repeatedly, more cooperative polities might be able to achieve both objectives at once, and a higher number of veto players might even favor intertemporal cooperation.
Number of Pages in PDF File: 48working papers series
Date posted: April 25, 2011
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.375 seconds