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the more people involved in the decision - making process and the more complicated the decision, the higher the transaction costs. the higher the transaction costs, the more difficult it is to make a decision. think back to the \where do we go for dinner?\ question. with three people, the transaction costs will be modest, and youll probably be able to arrive at a decision. as the number of individuals in the group increases, the transaction costs increase. if the costs become too high - imagine how much time and effort it would take for 300 people to agree on where to eat and to find a restaurant that can host them! - then the decision - making process can break down. what happens then? the status quo prevails, which, in this example, means that nobody is going to a restaurant. what if you are deeply committed to maintaining the status quo? you can deliberately raise transaction costs to the point that no changes to the status quo can be made. defenders of the status quo do not necessarily need to defend it. they just need to raise the transaction costs high enough so that no changes can be enacted. in recent years there have been major political battles over voting rights. as of july 2021, efforts to impose new voting restrictions in the state of texas had been thwarted by virtue of a dedicated democratic minoritys efforts to increase the costs of passing legislation. the minoritys strategy? flee the state capitol, depriving the majority of the quorum, the minimum number of the group that must be present for a vote to be held. meanwhile, in washington, dc, republicans were in the minority and did their best to stall measures to expand voting rights - also by throwing up procedural roadblocks to the legislation. in each case, the minority party (democrats in washington) chose to raise transaction costs in order to prevent a change from being made. texas republicans ultimately approved the restrictions on voting rights after the democratic minority gave in and returned to the state capitol to vote, thus lowering the transaction costs.
The text discusses political strategies in voting - related legislative processes in Texas and Washington, DC, including how the minority can stall legislation and the concept of transaction costs in decision - making. It is related to the study of political processes.
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The text relates to the subfield of Politics within Social Science as it delves into political tactics, legislative procedures, and decision - making in a political context.