منابع مشابه
Dynamic Legislative Bargaining with Veto Power∗
Many assemblies grant one or more of their members the right to block decisions even when a proposal has secured the necessary majority—a veto right. In this paper, I analyze the consequences of veto power in an infinitely repeated divide-the-dollar bargaining game with an endogenous status quo policy. The division of the dollar among legislators is unchanged until the committee agrees on a new...
متن کاملDynamic Legislative Bargaining with Endogenous Proposers
We present a theory of dynamic legislative bargaining in which (1) the policy made in one period becomes the status quo for the next, and (2) every proposer is endogenously determined through an all-pay auction. We fully characterize the stationary Markov perfect equilibrium for a model with three parties, a one-dimensional policy space, single-peaked preferences and symmetric distribution of t...
متن کاملA Dynamic Model of Legislative Bargaining
We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative bargaining in which the policy outcome in one period determines the status quo in the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities. We prove that all such equilibria are essentially in pure strategies and that proposal strategies are differentiable al...
متن کاملLegislative bargaining with teams
We experimentally investigate the Baron-Ferejohn (1989) model of legislative bargaining with two player teams versus individuals. Teams pass minimum winning coalitions (MECs) significantly more often than individuals, meeting or beating the demanding truth wins norm. Teams have significantly more proposer power, and come significantly closer to the SSPE prediction. This results from proposers c...
متن کاملSimple Markovian Equilibria in Dynamic Spatial Legislative Bargaining
The paper proves, by construction, the existence of Markovian equilibria in a model of dynamic spatial legislative bargaining. Players bargain over policies in an infinite horizon. In each period, a majority vote takes place between the proposal of a randomly selected player and the status-quo, the policy last enacted. This determines the policy outcome that carries over as the status-quo in th...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3634333