Optimal agenda-setter timing

Optimal agenda-setter timing

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Article ID: iaor200970936
Country: Canada
Volume: 42
Issue: 4
Start Page Number: 1527
End Page Number: 1546
Publication Date: Nov 2009
Journal: Canadian Journal of Economics/Revue canadienne d'conomiq
Authors: ,
Keywords: voting
Abstract:

We analyze the optimal timing problem of an agenda setter who can propose a project that is then voted on by a committee. The payoff consists of a common stochastic component and an idiosyncratic component that differs among committee members. The agenda setter may be biased for or against the project, relative to the median committee member, and chooses when to call the vote. We analyze how the timing decision depends on the political environment and the bias of the agenda setter. We show that both positively and negatively biased agenda setters can implement decisions that differ from those preferred by the median committee member.

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