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Legislative bargaining with heterogeneous disagreement values : theory and experiments

Miller, Luis; Montero, María; Vanberg, Christoph - 2015

We study a legislative bargaining game in which failure to agree in a given round may result in a breakdown of negotiations. In that case, each player receives an exogenous `disagreement value'. We characterize the set of stationary subgame perfect equilibria under all q-majority rules. Under...

Persistent link: https://www.econbiz.de/10011434323

Inefficiency in private value bargaining with naive players : an experimental study

Possajennikov, Alexandre; Saran, Rene - 2018

The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …

Persistent link: https://www.econbiz.de/10011852503

Policy experimentation, redistribution and voting rules

Anesi, Vincent; Bowen, T. Renee - 2018

We study conditions under which optimal policy experimentation can be implemented by a committee. We consider a dynamic bargaining game in which committee members choose to implement either a risky reform or a safe alternative with known returns each period. We find that when no redistribution...

Persistent link: https://www.econbiz.de/10011897251

Bargaining over an endogenous agenda

Anesi, Vincent; Seidmann, Daniel J. - 2011

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 then implemented. We characterize the policies which...

Persistent link: https://www.econbiz.de/10009349531

Proportional payoffs in majority games

Montero, María (contributor) - 2008

This paper extends the Baron-Ferejohn model of legislative bargaining to general weighted majority games with two modifications: first, payoff division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the coalition can break down, in which...

Persistent link: https://www.econbiz.de/10003675312

Bargaining over an endogenous agenda

Anesi, Vincent; Seidmann, Daniel J. - 2012

Persistent link: https://www.econbiz.de/10009535532

Coalitional games with veto players : myopic and rational behavior

Arin, Javier; Feltkamp, Vincent; Montero, María - 2012

This paper studies a noncooperative allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by Dagan et al. (1997) for bankruptcy problems. According to it, a player, the proposer, makes a proposal that the remaining players must accept or...

Persistent link: https://www.econbiz.de/10009578191

Bargaining in standing committees

Anesi, Vincent; Seidmann, Daniel J. - 2012

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, however, existing agreements can be amended. This...

Persistent link: https://www.econbiz.de/10009578203

Proportional payoffs in legislative bargaining with weighted voting : a characterization

Montero, María - 2016

We examine the relationship between voting weights and expected equilibrium payoffs in legislative bargaining and provide a necessary and sufficient condition for payoffs to be proportional to weights. This condition has a natural interpretation in terms of the supply and demand for coalition...

Persistent link: https://www.econbiz.de/10011448759

Governance and group conflict

Kölle, Felix - 2020 - This version: January 2020

experiment that investigates the impact of political institutions within groups on the development of con ict between groups. We …

Persistent link: https://www.econbiz.de/10012171613