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Persistent link: https://www.econbiz.de/10005790506
The cooperative solution concept introduced here, the demand bargaining set, contains the core and is included in the Zhou bargaining set, eliminating the “dominated” coalition structures. The demand vectors belonging to the demand bargaining set are self-stable. In the class of constant-sum...
Persistent link: https://www.econbiz.de/10005163087
The cooperative solution concept introduced here, the Stable Demand Set, contains the Core and is included in the Zhou Bargaining Set, eliminating the "dominated" coalition structures. The demand vectors belonging to the Stable Demand Set are self-stable. In the class of constant-sum homogeneous...
Persistent link: https://www.econbiz.de/10014131626
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Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper uses the leading model of...
Persistent link: https://www.econbiz.de/10010272464
It is well known that proposers have an advantage in the canonical model of bargaining in legislatures: proposers are sure of being part of the coalition that forms, and, conditional on being in a coalition, a player receives more as a proposer than as a coalition partner. In this paper I show...
Persistent link: https://www.econbiz.de/10010277503
We analyze and evaluate the different decision rules describing the Council of Ministers of the EU starting from 1958 up to date. All the existing studies use the Banzhaf index (for binary voting) or the Shapley-Shubik index (for distributive politics). We argue that the nucleolus can be...
Persistent link: https://www.econbiz.de/10010277511
Inequity aversion models have been used to explain equitable payoff divisions in bargaining games. I show that inequity aversion can actually increase the asymmetry of payoff division if unanimity is not required. This is due to the analogy between inequity aversion and risk aversion. Inequity...
Persistent link: https://www.econbiz.de/10005385364
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/10011688527