Which bills become laws in equilibrium of sequential game

Reference no: EM13212939

Two bills are being considered in Congress (bill A, which would reinstitute the Volstead Act, and bill B, which would prohibit anyone of Canadian origin from owning property). Here are the payos to Congress and the president depending upon which laws are passed: Outcome Congress President Bill A only 8 -1 Bill B only -1 9 Both bills 5 5 Neither bill 0 0

a. Suppose that Congress rst decides which of the four options to select. The president can then either sign or veto, in which case no law is passed. Which bills become laws in the equilibrium of this sequential game? Explain, with aid of a diagram.

b. Now suppose that the president has a line-item veto, so that if Congress passes both bills, he can choose to sign bill A or bill B only. However, he cannot enact laws that Congress does not pass. Which bills become laws in the equilibrium of this game? Explain.

c. It is often suggested that giving the president a line-item veto would be a good way to make government work more eciently, as then he would not have to veto entire bills just because he felt one provision of the bill would make a bad law. In light of this question, what do you think of this suggestion?

Reference no: EM13212939

Questions Cloud

Estimate the weight of the earth atmosphere : Model the earth as a sphere with a diameter of 8,000 miles. Using 14.7 psia as the average pressure at the earth's surface and ignoring variation in g with altitude, estimate the weight of the earth's atmosphere in lbf, and its mass in lbm.

What nominal and effective rates of return per year : A 12% $50,000 bond is offered for sale at $45000. If the bond interest is payable monthly and the bond matures in 20 years, what nominal and effective rates of return per year will the purchaser make on the investment

Find the shaft id needed to obtain a maximum deflection : Find the shaft ID needed to obtain a maximum deflection at the center of 3 mm if the shaft OD is 22 cm. Assume the shaft to be the same length between supports as the length of the paper roll.

Explain that we need to dry something like protein and drugs : we need to dry something like protein and drugs, how to deal with them to avoid the deactivation phenomenon?

Which bills become laws in equilibrium of sequential game : It is often suggested that giving the president a line-item veto would be a good way to make government work more eciently, as then he would not have to veto entire bills just because he felt one provision of the bill would make a bad law.

Calculate the static thrusts of the rocket : Calculate the static thrusts of the rocket and turbojet engine described in the figure. The thrust T is the force necessary to prevent horizontal movement of the engine. Both engines exhaust a mass flow of 40 kg/s.

Find a suitable generating function : Prove that the transformation Q1 = q12 Q2 = q2 sec p2 p cos p2 - 2q2 P= 1 P2 = sin p2 - 2q1 1 2q1 cos p2 is canonical, by any method you choose . Find a suitable generating function that will lead to this transformation.

Design a computer programme using freudestein equation : design a computer programme using freudestein equation to synthesise a four bar linkage using three precision points also using more than three points.

Explain how much hexanol was in the sample represented : How much hexanol was in the sample represented by this chromatogram? ( chromatogram shows retention time for butanol to be 10 min and retention time for pentanol to be 20min.

User Account

All Pages