We analyze a bargaining protocol recently proposed in the literature vis-à-vis unconstrained negotiation. This new mechanism extracts "gains from trade" inherent in the differing valuation of two parties towards various issues where conflict exists. We assess the role of incomplete vs. complete...

Legislators trade influence to attain approval of their most preferred bills. The classical example is found in pork barrel politics with concentrated benefits and diffuse costs where logrolling agreements involving two (or more) legislators can load costs onto legislators excluded from the...