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Stochastic sequential bargaining games (Merlo and Wilson (1995, 1998)) have found wide applications in various fields … "cake", to be rationalized by a sequential bargaining model. We show the common discount rate is identified, provided the …
Persistent link: https://www.econbiz.de/10013146789
In this paper, I structurally estimate a stochastic bargaining model of government formation in a multiparty … parliamentary democracy, and I conduct policy experiments to evaluate the effects of changes in the bargaining procedure. I show …
Persistent link: https://www.econbiz.de/10014089522
Models of government formation processes in multi party democracies are usually highly sensitive to the rules that govern the selection of formateurs (i.e., the parties selected to propose a potential government). The theoretical literature has focused on two selection rules: selection...
Persistent link: https://www.econbiz.de/10014123039
In this paper we consider multilateral stochastic bargaining models with general agreement rules. For n-player games …
Persistent link: https://www.econbiz.de/10012742462
Stochastic sequential bargaining models (Merlo and Wilson (1995, 1998)) have found wide applications in different …
Persistent link: https://www.econbiz.de/10009318182
Stochastic sequential bargaining models (Merlo and Wilson (1995, 1998) have found wide applications in different fields …
Persistent link: https://www.econbiz.de/10014176438
Stochastic sequential bargaining models (Merlo and Wilson (1995, 1998)) have found wide applications in different …
Persistent link: https://www.econbiz.de/10014183988
Stochastic sequential bargaining games (Merlo and Wilson (1995, 1998)) have found wide applications in various fields …
Persistent link: https://www.econbiz.de/10014202460
necessarily the case in bargaining environments. We study a multilateral bargaining model à la Baron and Ferejohn (1989), where … players are heterogeneous with respect to the potential surplus they bring to the bargaining table. We show that unanimity …
Persistent link: https://www.econbiz.de/10014149065
Stochastic sequential bargaining games (Merlo and Wilson (1995, 1998)) have found wide applications in various fields … "cake", to be rationalized by a sequential bargaining model. We show the common discount rate is identified, provided the …
Persistent link: https://www.econbiz.de/10008494288