Political Economy: Institutions, Competition and Representation: Proceedings of the Seventh International Symposium in Economic Theory and Econometrics

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Drawn from the Seventh International Symposium in Economic Theory and Econometrics, the contents of this volume represent recent advances in the development of concepts and methods in political economy and include formal, applied, and historical approaches.
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Table of Contents

Series editor's preface
List of contributors
Political economy: A personal interpretation and an overview 1
I Perspectives on political economy
1 Political ideology, communication, and community 25
2 Implementation and enforcement in institutional modeling 51
3 Toward a theory of institutional change 61
4 The development of contemporary political theory 71
II Representation and voting
5 Proportional representation, approval voting, and coalitionally straightforward elections 107
6 Party competition in a spatial model of coalition formation 135
7 Some foundations for empirical study in the Euclidean spatial model of social choice 175
III Political institutions
8 Communication in institutions: Efficiency in a repeated Prisoner's Dilemma with hidden information 197
9 The courts and slavery in the United States: Property rights and credible commitment 223
10 On the pervasiveness of sophisticated sincerity 247
11 Initial versus continuing proposal power in legislative seniority systems 279
IV Political competition
12 Adverse selection and moral hazard in a repeated elections model 295
13 Campaign contributions and party-candidate competition in services and policies 313
14 Polarization, incumbency, and the personal vote 355
15 Credibility and the responsiveness of direct legislation 379
V Information acquisition by government
16 Information acquisition and orthogonal argument 407
17 A welfare analysis of political action 437
VI Government behavior
18 Monetary policy and credibility under exact monetary aggregation 465
19 A general equilibrium model with endogenous government behavior 487
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