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This paper proposes a mechanism to overcome the possibility that political parties may block the nomination of High-Court judges when the Parliament is involved in their nomination and theirmandate expires on a fixed date. This possibility arises when the default option is that the judge whose...
Persistent link: https://www.econbiz.de/10010503329
Outcomes under the Baron-Ferejohn (1989) model are investigated when proposers distribute benefits versus imposing costs under an experimental design where predicted outcomes are theoretically isomorphic, absent reference dependent preferences. Initial experimental sessions showed greater...
Persistent link: https://www.econbiz.de/10012925361
We consider non-cooperative bargaining on the division of a surplus under simple majority rule. We use the "open rule" bargaining protocol as originally suggested by Baron and Ferejohn (1989): Proposals can be amended before they are voted on. It is widely known that there are significant gaps...
Persistent link: https://www.econbiz.de/10012310731
We consider a model of decentralized bargaining among three parties. Parties meet one-on-one after being randomly matched, and can sell or buy votes to one another. The party with a majority of the votes can decide to implement its preferred policy or extend negotiations to capture additional...
Persistent link: https://www.econbiz.de/10014159665
We report the results of an experimental investigation of the Baron and Ferejohn (1989) model of legislative bargaining with cheap talk. Communication results in substantially increased proposer power, close to the stationary subgame perfect equilibrium prediction. This is achieved primarily...
Persistent link: https://www.econbiz.de/10014141360
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In models of dynamic multilateral bargaining, the literature tends to focus on stationary subgame perfect or stationary Markov perfect equilibria, which restrict attention to forward-looking, history-independent strategies. Evidence supporting such refinements come from environments in which...
Persistent link: https://www.econbiz.de/10012183367
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