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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...
Persistent link: https://www.econbiz.de/10011599519
We analyze a three-player legislative bargaining game over an ideological and a distributive decision. Legislators are privately informed about their ideological intensities, i.e., the weight placed on the ideological decision relative to the weight placed on the distributive decision....
Persistent link: https://www.econbiz.de/10011599520
This paper studies stationary Markov perfect equilibria in multidimensional models of dynamic bargaining, in which the alternative chosen in one period determines the status quo for the next. We generalize a sufficient condition for existence of equilibrium due to Anesi and Seidmann, 2015. We...
Persistent link: https://www.econbiz.de/10012010034
varies over time. Changes in popularity are partly exogenous and partly driven by the parties' actions. There is an election … scheduled at a future date and the party with more popularity at the election date wins the vote. Electoral incentives can have … 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/10012010078
Verhandlungstheorie zufolge den Zweck, Verhandlungsgleichgewichte zu verändern. Dies dürfte die hauptsächliche Funktion der Kriterien …
Persistent link: https://www.econbiz.de/10014522787
We consider dynamic processes of coalition formation in which a principal bargains sequentially with a group of agents. This problem is at the core of a variety of applications in economics, including lobbying, exclusive deals, and acquisition of complementary patents. In this context, we study...
Persistent link: https://www.econbiz.de/10014537034
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Persistent link: https://www.econbiz.de/10011696731
This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form....
Persistent link: https://www.econbiz.de/10011709840