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We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes … experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and …
Persistent link: https://www.econbiz.de/10010307744
We present a theoretical model of the provision of a durable public good over an infinite horizon. In each period, there is a societal endowment of which each of n districts owns a share. This endowment can either be invested in the public good or consumed. We characterize the planner's optimal...
Persistent link: https://www.econbiz.de/10008503149
dictatorship (q=1). -- Dynamic political economy ; voting ; public goods ; bargaining ; experiments …We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes …
Persistent link: https://www.econbiz.de/10009412019
We study dynamic committee bargaining over an infinite horizon with discounting. In each period a committee proposal is … voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee impatience). We report several new findings. Voting behavior is selfish and myopic …
Persistent link: https://www.econbiz.de/10010266322
We study dynamic committee bargaining over an infinite horizon with discounting. In each period a committee proposal is … voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee "impatience"). We report several new findings. Voting behavior is selfish and …
Persistent link: https://www.econbiz.de/10005766851
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10011344858
impact of the voting procedure, no information about the cooperation history is provided. In line with existing empirical …
Persistent link: https://www.econbiz.de/10011587713
recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
Persistent link: https://www.econbiz.de/10011288420
recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
Persistent link: https://www.econbiz.de/10010532580
We study a legislative bargaining game in which failure to agree in a given round may result in a breakdown of … decreasing in disagreement values. We conduct experiments involving three players using majority and unanimity rule, finding …
Persistent link: https://www.econbiz.de/10011444314