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Logrolling is the trading of favors, or quid pro quo, such as vote trading by legislative members to obtain passage of actions of interest to each legislative member. [1] In organizational analysis , it refers to a practice in which different organizations promote each other's agendas, each in the expectation that the other will reciprocate.
When Kenneth Arrow proved his theorem in 1950, it inaugurated the modern field of social choice theory, a branch of welfare economics studying mechanisms to aggregate preferences and beliefs across a society. [14] Such a mechanism of study can be a market, voting system, constitution, or even a moral or ethical framework. [1]
Vote trading is the practice of voting in the manner another person wishes on a bill, position on a more general issue, or favored candidate in exchange for the other person's vote in the manner one wishes on another position, proposal, or candidate.
Some scholars identify riders as a specific form of logrolling, [2] or as implicit logrolling. [3] Others distinguish riders from logrolling. [4] Adding riders to legislation is not permitted in legislatures bound by a single-subject rule. [4] [2]
Modern investment platforms have transformed buying assets into a straightforward process that doesn't require an economics degree or years of market experience. Today, investing is as simple as ...
The booming U.S. stock market will help keep the dollar expensive as global investors pour money into America, a foreign exchange strategist said. But the politics of any trade deals that the ...
The mainstream economic theory of regulation treats politicians and administrators as brokers among interest groups. [4] [5] Bootleggers and Baptists is a specific idea in the subfield of regulatory economics that attempts to predict which interest groups will succeed in obtaining rules they favor. It holds that coalitions of opposing interests ...
If you've been having trouble with any of the connections or words in Thursday's puzzle, you're not alone and these hints should definitely help you out. Plus, I'll reveal the answers further down ...