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THE INDUSTRIAL ORGANIZATION OF CONGRESS IN USA AND SPAIN: A COMPARATIVE INSTITUTIONAL ANALYSIS.
- Source :
-
Economic Analysis Review / Revista de Análisis Económico . dic2006, Vol. 21 Issue 2, p105-123. 19p. - Publication Year :
- 2006
-
Abstract
- The institutional and organizational details framing legislative processes are key aspects for understanding how Congresses work. From a new institutional economics perspective, this paper comparatively examines how the Spanish and USA Congresses are organized. The main purpose of the paper is to unveil the so-called "black box" factors operating in each case. The role played by property rights, hierarchy, individual deputies, leadership, transactions costs and committees will be researched. Whereas committees and decision-making rules based on a property rights system are key factors for understanding how the Congress performs in USA; in the Spanish case the most relevant explanatory factors are strong party leadership and the hierarchical rules by which political parties and parliamentary groups are organized. [ABSTRACT FROM AUTHOR]
- Subjects :
- *LEGISLATIVE bodies
*INSTITUTIONAL economics
*PROPERTY rights
*POLITICAL leadership
Subjects
Details
- Language :
- English
- ISSN :
- 07165927
- Volume :
- 21
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Economic Analysis Review / Revista de Análisis Económico
- Publication Type :
- Academic Journal
- Accession number :
- 23795430