Showing 1 - 10 of 113
We present a model of bargaining in which a committee searches over the policy space, successively amending the default … by voting over proposals. Bargaining ends when proposers are unable or unwilling to amend the existing default, which is …
Persistent link: https://www.econbiz.de/10011674462
between two political parties that have to bargain over which policy to implement. While bargaining, the parties' popularity … substantial effects on bargaining outcomes. Periods of gridlock may arise when the election is close and parties have similar …
Persistent link: https://www.econbiz.de/10011704960
This paper studies stationary Markov perfect equilibria in multidimensional models of dynamic bargaining, in which the … bargaining games. …
Persistent link: https://www.econbiz.de/10011856695
This paper studies an N-person war of attrition which needs one exit for its ending. An N-person war of attrition is qualitatively different from its two-person version. Only in the former, the set of players who are actively engaged in a war of attrition may change over time. We introduce the...
Persistent link: https://www.econbiz.de/10012104573
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011684921
In a moneyless market, a non storable, non transferable homogeneous commodity is reallocated between agents with single-peaked preferences. Agents are either suppliers or demanders. Transfers between a supplier and a demander are feasible only if they are linked, and the links form an arbitrary...
Persistent link: https://www.econbiz.de/10011689320
In a matching problem between students and schools, a mechanism is said to be robustly stable if it is stable, strategy-proof, and immune to a combined manipulation, where a student first misreports her preferences and then blocks the matching that is produced by the mechanism. We find that even...
Persistent link: https://www.econbiz.de/10011694986
A new mechanism was introduced in New York City and Boston to assign students to public schools. This mechanism was advocated for its superior fairness property, besides others. We introduce a new framework for school-choice problems and two notions of fairness in lottery design based on ex-ante...
Persistent link: https://www.econbiz.de/10011673364
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...
Persistent link: https://www.econbiz.de/10011674186
We study the possibilities for agenda manipulation under strategic voting for two prominent sequential voting procedures: the amendment procedure and the suc- cessive procedure. We show that a well known result for tournaments, namely that the successive procedure is (weakly) more manipulable...
Persistent link: https://www.econbiz.de/10011704808