16. In this game, Congress has four options: to pass a welfare bill, a farm subs

Question

16. In this game, Congress has four options: to pass a welfare bill, a farm subsidy bill, or an omnibus bill that combines the farm and welfare bills; or no legislation at all. The President can then veto the bill if he chooses to do so, and the veto cannot be overturned. Congress likes the farm bill and hates the welfare bill, while the President hates the farm bill and loves the welfare bill. What is the equilibrium outcome of this game? A. (Congress Passes the Omnibus Bill; President Allows) B. (Congress Passes the Welfare Bill; President Allows) C. (Congress Passes the Farm Bill; President Allows)

Explanation / Answer

This game can be expressed in the following form.

Nash equilibrium Congress Passes the Farm Bill; President Vetoes

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