Macro Politics and Macro Models: Cartels and Pivots Reconsidered

Stanford GSB Research Paper No. 1859

39 Pages Posted: 19 Aug 2004

See all articles by Keith Krehbiel

Keith Krehbiel

Stanford Graduate School of Business

Date Written: July 2004

Abstract

A framework is introduced for evaluating static micro-analytic theories in dynamic macro-political settings. Within the framework, two theories of lawmaking are compared. Analytically, the predictions of the theories are remarkably similar - almost to the point of being observationally equivalent. However, analysis focusing on critical, theory-specific regime changes provides an opportunity for some discrimation. The findings provide some support for both partisan and nonpartisan theories, the relative strength of which seems to depend upon roll calls selected for analysis.

Keywords: legislation/regulation, collective choice theory

Suggested Citation

Krehbiel, Keith, Macro Politics and Macro Models: Cartels and Pivots Reconsidered (July 2004). Stanford GSB Research Paper No. 1859, Available at SSRN: https://ssrn.com/abstract=577744 or http://dx.doi.org/10.2139/ssrn.577744

Keith Krehbiel (Contact Author)

Stanford Graduate School of Business ( email )

655 Knight Way
Stanford, CA 94305-5015
United States

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