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In this paper we estimate a bargaining model of government formation in parliamentary democracies. We use the estimated structural model to conduct constitutional experiments aimed at evaluating the impact of institutional features of the political environment on the duration of the government...
Persistent link: https://www.econbiz.de/10005231363
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 offer in each period and agreement must be unanimous, the authors provide characterizations of the...
Persistent link: https://www.econbiz.de/10005129925
Persistent link: https://www.econbiz.de/10010562419
Persistent link: https://www.econbiz.de/10012097943
Different people may use different strategies, or decision rules, when solving complex decision problems. We provide a new Bayesian procedure for drawing inferences about the nature and number of decision rules present in a population, and use it to analyze the behaviors of laboratory subjects...
Persistent link: https://www.econbiz.de/10005332634
Two key issues in the literature on female labor supply are (i) whether persistence in employment status is due to unobserved heterogeneity or state dependence, and (ii) whether fertility is exogenous to labor supply. Until recently, the consensus was that unobserved heterogeneity is very...
Persistent link: https://www.econbiz.de/10004998014