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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.
In a further development of meaning, horse trading has come to refer specifically to political vote trading. This is now the most common sense of the term, largely displacing the older term, logrolling. In some languages political bargaining is known as "cow trading" (German: Kuhhandel, Swedish: Kohandel, Finnish: Lehmänkauppa).
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]
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.
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Works 6] Logrolling refers to politicians' vote-trading on provisions as part of an endgame of achieving their political or economic goals. According to a 1992 journal article by George Mason University economists, Alexander Tabarrok and Tyler Cowen , the precursor to Buchanan and Tullock's public choice theory is found in the work of John C ...
Alamy There are some economic terms most of us know and understand, such as supply and demand. And there are other terms we will probably never even run across, like implicit logrolling and a ...