Showing 1 - 10 of 6,988
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/10009535532
Committee voting has mostly been investigated from the perspective of the standard Baron-Ferejohn model of bargaining … over the division of a pie, in which bargaining ends as soon as the committee reaches an agreement. In standing committees …
Persistent link: https://www.econbiz.de/10009578203
We study a legislative bargaining game in which failure to agree in a given round may result in a breakdown of …
Persistent link: https://www.econbiz.de/10011434323
Power index research has been a very active field in the last decades. Will this continue or are all the important questions solved? We argue that there are still many opportunities to conduct useful research with and on power indices. Positive and normative questions keep calling for...
Persistent link: https://www.econbiz.de/10010350000
This paper develops a dynamic model of legislative policy making with evolving, privately observed policy preferences. Our goal is to find conditions under which decision rules, which assign feasible policies based on the legislators' preferences, are sustainable in the long run. We show that...
Persistent link: https://www.econbiz.de/10011897250
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 … in semi-Markovian equilibria form the largest consistent set. -- bargaining ; evolving default ; stable set …
Persistent link: https://www.econbiz.de/10009349531
We conduct experiments to investigate the effects of different majority requirements on bargaining outcomes in small … (number of bargaining rounds needed to reach agreement) and measures of "fairness" (inclusiveness of coalitions, equality of …
Persistent link: https://www.econbiz.de/10010362194
We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each … dictatorship (q=1). -- Dynamic political economy ; voting ; public goods ; bargaining ; experiments …
Persistent link: https://www.econbiz.de/10009412019
We study the volunteer's dilemma in environments with heterogeneous preferences and private information. We characterize the efficiency properties of equilibrium, which is a departure from all the previous literature that focuses only on the probability of group success. While the probability of...
Persistent link: https://www.econbiz.de/10015072940
We study dynamic committee bargaining over an infinite horizon with discounting. In each period a committee proposal is … the Markov equilibrium. We find significant evidence of concave utility functions. -- Dynamic bargaining ; voting …
Persistent link: https://www.econbiz.de/10003782103