Anesi, Vincent; Seidmann, Daniel J. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 2, pp. 445-482
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 then implemented. Our main goal is to study the...