Showing 1 - 10 of 18
In most instances of collective decision-making, it cannot be expected that all persons who are entitled to vote will end up doing so. This has led institutional designers, out of concerns with the “legitimacy” of decisions, to introduce quorum requirements. A prominent example of this can...
Persistent link: https://www.econbiz.de/10014160535
We conduct experiments to investigate the effects of different majority requirements on bargaining outcomes in small and large groups. In particular, we use a Baron-Ferejohn protocol and investigate the effects of decision rules on delay (number of bargaining rounds needed to reach agreement)...
Persistent link: https://www.econbiz.de/10010362194
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
Persistent link: https://www.econbiz.de/10011976514
Experiments can be used to relax technical assumptions that are made by necessity in theoretical analysis, and further test the robustness of theoretical predictions. To illustrate this point we conduct a three-person bargaining experiment examining the effect of different decision rules...
Persistent link: https://www.econbiz.de/10011889435
Persistent link: https://www.econbiz.de/10011659745
Persistent link: https://www.econbiz.de/10011460255
We theoretically investigate how the application of unanimity rule can lead to inefficient delay in collective decision making. We do so in the context of a distributive multilateral bargaining model featuring strategic pre-commitment. Prior to each bargaining round, players can declare a...
Persistent link: https://www.econbiz.de/10014578010
Persistent link: https://www.econbiz.de/10012302819
We conduct 3-person bargaining experiments in which the surplus being divided is produced by completing a prior task. Using a Baron-Ferejohn framework, we investigate how differences in contributions to production affect bargaining under different decision rules. Under unanimity rule, all...
Persistent link: https://www.econbiz.de/10012112125