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We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information transmission in a cheap talk bargaining game between an informed Sender and an uninformed Receiver. Theoretically, we find that the maximum amount of information that can be transmitted...
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Despite recent advances, no general methods for computing bargaining power in non-cooperative games exist. We propose a number of axioms such a measure should satisfy and show that they characterise a unique function. The principle underlying this measure is that the influence of a player can be...
Persistent link: https://www.econbiz.de/10014492228
Despite recent advances, no general methods for computing bargaining power in non-cooperative games exist. We propose a number of axioms such a measure should satisfy and show that they characterise a unique function. The principle underlying this measure is that the influence of a player can be...
Persistent link: https://www.econbiz.de/10014481292
The higher legislative success of parliamentary governments relative to presidential governments has been used to argue that legislative success is driven by parliamentary governments' superior agenda power or their control of legislative majorities. We show that this approach is at odds with...
Persistent link: https://www.econbiz.de/10012712772
This article surveys the theoretical literature on legislative bargaining with endogenous status-quo. These are the legislative bargaining situations in which in each period a new policy is decided and the policy implemented in the event of no agreement is endogenously determined by the outcome...
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