Figures from this paper
49 Citations
A folk theorem for the one-dimensional spatial bargaining model
- EconomicsInt. J. Game Theory
- 2015
It is shown that in the one-dimensional bargaining model based on the protocol of Baron and Ferejohn, if voting is simultaneous, publicly observed, and no agent has the power to unilaterally impose a choice, then arbitrary policies can be supported by subgame perfect equilibria in stage-undominated voting strategies when agents are patient.
Limit Equilibria of Uni-Dimensional Bargaining Games: A Core Refinement
- Economics
- 2018
In uni-dimensional policy space, the median voter theorem provides a unique equilibrium characterization under simple majority rule. But for general decision procedures, the core is generically…
Limit Equilibria of Uni-dimensional Bargaining Games under Super-Majority Rule
- Economics
- 2018
I study equilibria in uni-dimensional bargaining games under q-majority rule. The limit equilibria as players become perfectly patient are characterized. The players whose ideal policies are qth from…
Subgame perfect equilibria in majoritarian bargaining
- Economics
- 2013
We study the division of a surplus under majoritarian bargaining in the three-person case. In a stationary equilibrium as derived by Baron and Ferejohn (1989), the proposer offers one third times the…
Limit Equilibria of Unidimensional Bargaining Games under SuperMajority Rule Giri Parameswaran
- Economics
- 2018
I study equilibria in uni-dimensional bargaining games under q-majority rule. The limit equilibria as players become perfectly patient are characterized. The players whose ideal policies are qth from…
Voting rules and efficiency in one-dimensional bargaining games with endogenous protocol
- EconomicsSoc. Choice Welf.
- 2013
We analyze a rent-seeking contest that determines the bargaining protocol in a one-dimensional bargaining game, where agents preferences over social outcomes are single-peaked. We relate the…
One-Dimensional Bargaining with Markov Recognition Probabilities
- EconomicsJ. Econ. Theory
- 2010
A complete characterization of the limit of the equilibrium proposals as the generalized fixed point of the decumulative distribution of the players' ideal points as induced by the recognition probabilities.
Redistribution under Supermajority Rule
- Economics
- 2018
The median voter theorem provides a simple and unique characterization of equilibrium redistribution under majority rule. However, its analogue under super-majority rule – the core – contains…
Redistribution under Generic Decision Making Procedures
- Economics
- 2018
The median voter theorem provides a simple and unique characterization of equilibrium redistribution under majority rule. However, its analogue under more general decision rules – the core – contains…
Dominance solvability of dynamic bargaining games
- Economics
- 2010
We formulate and study a general finite-horizon bargaining game with simultaneous moves and a disagreement outcome that need not be the worst possible result for the agents. Conditions are identified…
References
SHOWING 1-10 OF 37 REFERENCES
A bargaining model of legislative policy-making
- Economics
- 2003
We present a general model of legislative bargaining in which the status quo is an
arbitrary point in a multidimensional policy space. In contrast to other bargaining models,
the status quo is not…
Bounds for Mixed Strategy Equilibria and the Spatial Model of Elections
- EconomicsJ. Econ. Theory
- 2002
We prove that the support of mixed strategy equilibria of two-player, symmetric, zero-sum games lies in the uncovered set, a concept originating in the theory of tournaments. and the spatial theory…
A General Bargaining Model of Legislative Policy-making
- Economics
- 2006
We present a general model of legislative bargaining in which the status quo is an arbitrary point in a multidimensional policy space. In contrast to other bargaining models, the status quo is not…
Coalition and Party Formation in a Legislative Voting Game
- EconomicsJ. Econ. Theory
- 2002
It is shown that legislators can gain from forming political parties, and examples where predictions can be made about the composition of parties are considered.
A Bargaining Model of Collective Choice
- EconomicsAmerican Political Science Review
- 2000
We provide a general theory of collective decision making, one that relates social choices to the strategic incentives of individuals, by generalizing the Baron-Ferejohn (1989) model of bargaining to…
Legislative Coalitions in a Bargaining Model with Externalities
- Economics
- 2005
Previous work modeling a legislature in which bill proposals and voting take a form analogous to offer-counteroffer bargaining offer a new view of what legislative parties are and why they are…
A Stochastic Model of Sequential Bargaining with Complete Information and Transferable Utility
- Economics
- 1993
The authors consider a k-player sequential bargaining model in which the size of the cake and the order in which players move follow a general Markov process. For games in which one agent makes an…
Bargaining in Legislatures
- Economics
- 1989
Bargaining in legislatures is conducted according to formal rules specifying who may make proposals and how they will be decided. Legislative outcomes depend on those rules and on the structure of…
Order independent equilibria
- Economics
- 1995
We study a noncooperative game of coalition formation, based on an underlying game in coalitional form. We introduce order independent equilibria (OIE). A strategy profile is an OIE if, for any…
The Simplest Equilibrium of a Majority-Rule Division Game
- Economics
- 1993
Abstract Simplicity of equilibrium is proposed as an important consideration for the selection of a focal point in multi-equilibrium dynamic games. A majority-rule cake division game is analyzed, and…