Kim, Chulyoung; Kim, Sang-Hyun; Lee, Jinhyuk; Lee, Joosung - 2021
In a veto game, we investigate the effects of "buyout" which allows non-veto players strategically form an intermediate … much lower than predicted by theory, regardless of the relative negotiation power between veto and non-veto players. Second …, allowing coalition formation among non-veto players does not affect the surplus distribution between veto and non-veto players …