|Illustration from Callander & Krehbiel - Gridlock and Delegation|
In this post we offer the latest edition in this series by Stanford professors Steven Callander and Keith Krehbiel. In a Stanford Business School article Edmond Andrews introduces their paper:
"Americans are angry about partisan gridlock, but they also harbor mistrust about nonpartisan bureaucrats. Steven Callander and Keith Krehbiel, professors of political economy at Stanford Graduate School of Business, see it differently. In a recent paper, they apply game theory to understanding U.S.-style gridlock. Their conclusion: Two of the system’s most unpopular features — supermajority voting (as in the Senate filibuster) and delegation of authority to “unelected bureaucrats” — can together produce good outcomes."