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voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee "impatience"). We report several new findings. Voting behavior is selfish and …
Persistent link: https://www.econbiz.de/10005766851
; experiments ; divide-the-dollar ; committees … voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee "impatience"). We report several new findings. Voting behavior is selfish and …
Persistent link: https://www.econbiz.de/10003782103
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10010532580
experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes …
Persistent link: https://www.econbiz.de/10010307744
experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes …
Persistent link: https://www.econbiz.de/10009422079
We present a theoretical model of the provision of a durable public good over an infinite horizon. In each period, there is a societal endowment of which each of n districts owns a share. This endowment can either be invested in the public good or consumed. We characterize the planner's optimal...
Persistent link: https://www.econbiz.de/10008503149
decreasing in disagreement values. We conduct experiments involving three players using majority and unanimity rule, finding …
Persistent link: https://www.econbiz.de/10011434323
decreasing in disagreement values. We conduct experiments involving three players using majority and unanimity rule, finding …
Persistent link: https://www.econbiz.de/10011444314
We experimentally investigate the effects of group size on behavior and outcomes in a multilateral bargaining game. Using a Baron–Ferejohn protocol, our main interest is in the extent of costly delay (number of bargaining rounds needed to reach agreement). We investigate the effects of group...
Persistent link: https://www.econbiz.de/10011209594
experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and … dictatorship (q=1). -- Dynamic political economy ; voting ; public goods ; bargaining ; experiments … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes …
Persistent link: https://www.econbiz.de/10009412019