"Grand coalition"

National/Labour to support or abstain on Confidence and Supply for Labour/National

This contract pays $1 if the National and Labour Parties formally agree to either SUPPORT or ABSTAIN on Confidence and Supply votes of the other after the 2011 General Election (important: see Judging Criteria for details). Otherwise this contract pays $0.

Judging:
This contract pays $1 if the Labour Party formally agrees with the National Party, or the National Party formally agrees with the Labour Party, to either SUPPORT or ABSTAIN on Confidence and Supply votes of the other party.

Formal agreement includes coalition agreement, confidence and supply arrangement or abstention arrangement.

This contract pays out based on a formally signed agreement between the parties, and not on any prior announcement.

This contract will immediately close at $0 if a) either party definitively announces no agreement on Confidence and Supply will be made with the other party; or b) a new General Election is announced; or c) National or Labour are not in the next Parliament.

This contract will close at $0 if in iPredict's sole view there is no prospect of an agreement on Confidence and Supply between these parties.

To pay $1 any formal agreement must not be proposed to last less than 12 months. If no end date is specified or the agreement covers the Parliamentary term then iPredict will take this to mean more than 12 months.

If any agreement between the Labour Party and National Party is significantly ambiguous on Confidence and Supply then this contract will close based on the first vote on Confidence or Supply. If no Labour MPs vote against National, or no National MPs vote against Labour, on Confidence or Supply, then this contract will close $1; otherwise $0.



Edited 1 time(s). Last edit at 11/24/2011 05:19PM by admin.

Sounds good.

The last bit is odd and I suspect a typo:

"If Labour MPs vote against National, or no National MPs vote against Labour, on Confidence or Supply, then this contract will close $1; otherwise $0."

If Labour votes against National on the first confidence vote, then the contract closes at $1 as if they had agreed confidence?

Nice catch Lanthanide - thank you

Contract is launched