As has been widely reported in the UK press over the recent weeks, Prime Minister May has warned that if the government was forced to get parliamentary approval for Article 50, Britain would end up with a worse deal.
The Prime Minister’s assertion is clearly incorrect. Bargaining theory has long shown that having the negotiator’s hands tied (in this case the Government’s by commitments to another actor – the Parliament) increases the bargaining power of the negotiator.
Read the Policy Brief by Stephany Griffith Jones, Member of FEPS Scientific Council. Financial Markets Director, Initiative for Policy Dialogue.
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