... 2026 Emerald Publishing Limited 2026 Emerald Publishing Limited Licensed re-use rights only Policy decay Legislative bargaining Transitions of power Change is a constant of our economic and social environment. As time passes, populations grow, age and evolve. Social networks form...

... and opposition party bargain over policy. Each party earns a reputation with a core primary constituency which observes legislative bargaining and forms beliefs about its party’s policy priorities. Filibusters and attempts to defeat them are costly and can therefore credibly signal that a party values...

...Maria Montero This paper examines the relationship between voting weights and expected equilibrium payoffs in legislative bargaining and provides a necessary and sufficient condition for payoffs to be proportional to weights. This condition has a natural interpretation in terms of the supply...