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Persistent link: https://www.econbiz.de/10010386045
We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each …
Persistent link: https://www.econbiz.de/10010307744
of complementary patents. In this context, we study how the allocation of bargaining power between principal and agents … completion, efficiency requires concentrating bargaining power in the principal. Strengthening the bargaining position of the … or discriminatory offers. When this collective action problem is severe enough, agents are better off when bargaining …
Persistent link: https://www.econbiz.de/10014537034
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
One feature of legislative bargaining in naturally occurring settings is that the distribution of seats or voting … weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation …
Persistent link: https://www.econbiz.de/10012822445
We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each …
Persistent link: https://www.econbiz.de/10009422079
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
We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo for the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities, and we assume...
Persistent link: https://www.econbiz.de/10010594322
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/10010568440
so, we study Markov perfect equilibria of a noncooperative legislative bargaining game, based on underlying simple games … undominated Markov perfect equilibria of the bargaining game, which form a strategically stable set of equilibria, when voters are …
Persistent link: https://www.econbiz.de/10005150911