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In a canonical model of sequential collective bargaining over a divisible good we show that equilibrium expected payoffs are not restricted by players’ voting rights or their impatience. For all monotonic voting rules and discount factors, and for all divisions of the good among players, there...
Persistent link: https://www.econbiz.de/10005808217
We establish that, except for a finite set of common costs of participation, all equilibria of a class of complete information voting games (as in Palfrey and Rosenthal (1983)) are regular. Thus, all the equilibria of these games (including those exhibiting high turnout rates) are robust to...
Persistent link: https://www.econbiz.de/10005808218
Persistent link: https://www.econbiz.de/10005808219
We propose a general model of repeated elections. In each period, a challenger is chosen from the electorate to run against an incumbent politician in a majority-rule election, and the winner then selects a policy from a multidimensional policy space. Individual policy preferences are private...
Persistent link: https://www.econbiz.de/10005808220
Persistent link: https://www.econbiz.de/10005808221
This paper analyzes strategy-proof collective choice rules when individuals have single-crossing preferences on a finite and ordered set of social alternatives. It shows that a social choice rule is anonymous, unanimous and strategy-proof on a maximal single-crossing domain if and only if it is...
Persistent link: https://www.econbiz.de/10005808222
Persistent link: https://www.econbiz.de/10005808223
For a class of n-player (n ? 2) sequential bargaining games with probabilistic recognition and general agreement rules, we characterize pure strategy Stationary Subgame Perfect (PSSP) equilibria via a finite number of equalities and inequalities. We use this characterization and the degree...
Persistent link: https://www.econbiz.de/10005698211
We show that, in the absence of symmetry or other parametric restrictions on legislators’ utility functions, roll call voting records cannot be used to estimate legislators’ ideal points unless we complement these data with information on the location of the alternatives being voted upon by...
Persistent link: https://www.econbiz.de/10005698212
Why would a political elite voluntarily dilute its political power by extending the franchise? This paper develops a dynamic recursive framework for studying voter enfranchisement. We study properties of dynamic enfranchisement games, dynamic games in which political rights evolve over time....
Persistent link: https://www.econbiz.de/10005698213