2012
DOI: 10.1017/s0007123412000580
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Portfolio Allocation and the Vote of No Confidence

Abstract: There is a contradiction between theory and empirics with respect to portfolio allocation in parliamentary democracies. While the canonical model of legislative bargaining predicts the existence of a 'formateur bonus', empirical studies show that portfolios are allocated in a manner that favours smaller parties. This article argues that the difference between the empirical pattern and the theoretical predictions can be explained by the vote of no confidence, which provides an incentive for large formateur part… Show more

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Cited by 14 publications
(14 citation statements)
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References 23 publications
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“… On presidential regimes, see Amorim Neto (), Amorim Neto and Samuels (), and Indridason (). On subnational French governments, see Golder and Thomas (). On European cabinets facing weak confidence requirements, see Bucur and Rasch (). …”
mentioning
confidence: 99%
“… On presidential regimes, see Amorim Neto (), Amorim Neto and Samuels (), and Indridason (). On subnational French governments, see Golder and Thomas (). On European cabinets facing weak confidence requirements, see Bucur and Rasch (). …”
mentioning
confidence: 99%
“…Focusing on trying to explain this party-size paradox, Indridason (2015) suggest that the formateur will over-compensate the minor coalition partner, thus ensuring loyalty to that coalition. Golder and Thomas (2014) suggest that the presence of a vote of no-confidence explains small-party overpayment because the threat of no-confidence provides "an incentive for large formateur parties to overcompensate smaller coalition partners in exchange for their sustained support over time" (Golder and Thomas 2014, 1).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Verzichelli (2008) points out the institutional effect of the vote of no confidence, the power of a prime minister, and the relationship between the two chambers. Recently, Golder, Thomas et al (2014) have regarded the vote of no confidence as important in explaining the gap between theoretical prediction and empirical patterns. They point out that the existence of the vote of no confidence forces large parties to concede cabinet portfolios to small parties and leads to disproportionality in cabinet portfolio allocations.…”
Section: The Role Of Bicameralism In Coalition Bargainingmentioning
confidence: 99%