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Designing Checks and Balances
2014
Quarterly Journal of Political Science
for helpful comments and suggestions. All errors are ours. Abstract Essential to the Madisonian conception of checks and balances is the division of policy-making authority among multiple actors such that each can veto proposed changes in policy. We use a mechanism design approach to analyze checks and balances institutions. We show that the checks and balances institutions in which the most preferred policy of the more moderate player is the unique equilibrium outcome are the only institutions
doi:10.1561/100.00013022
fatcat:7sfy2horyrhjvn6oaslqjy6prq