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dc.contributor.authorKatz, Gabrielen_GB
dc.contributor.authorIaryczower, Matiasen_GB
dc.contributor.authorSaiegh, S,en_GB
dc.date.accessioned2012-11-14T10:50:24Zen_GB
dc.date.accessioned2013-03-20T16:32:08Z
dc.date.issued2012-11-14en_GB
dc.description.abstractWe estimate a model of voting in Congress that allows for dispersed information about the quality of proposals in an equilibrium context. In equilibrium, the Senate only approves House bills that receive the support of a supermajority of members of the lower chamber. We estimate this endogenous supermajority rule to be about four-fifths on average across policy areas. Our results indicate that the value of information dispersed among legislators is significant, and that in equilibrium a large fraction of House members' (40–50%) votes following their private information. Finally, we show that the probability of a type I error in Congress (not passing a good bill) is on average about twice as high as the probability of a type II error (passing a low-quality bill).en_GB
dc.identifier.citationVol. 29en_GB
dc.identifier.doi10.1093/jleo/ews022en_GB
dc.identifier.urihttp://hdl.handle.net/10036/3992en_GB
dc.titleVoting in the bicameral Congress: large majorities as a signal of qualityen_GB
dc.date.available2012-11-14T10:50:24Zen_GB
dc.date.available2013-03-20T16:32:08Z
dc.descriptionpublication-status: Accepteden_GB
dc.descriptiontypes: Articleen_GB
dc.identifier.journalJournal of Law Economics and Organizationen_GB
dc.identifier.journalJournal of Law Economics and Organizationen_GB


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