|
EconStor >
Northwestern University >
Kellogg School of Management - Center for Mathematical Studies in Economics and Management Science, Northwestern University >
Discussion Papers, Kellogg School of Management, Northwestern University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/31248
|
| | |
| Title: | | Existence and computation of pure-strategy equilibria in models of legislative bargaining with reconsideration  |
| Authors: | | Diermeier, Daniel Fong, Pohan |
| Issue Date: | | 2008 |
| Series/Report no.: | | Discussion paper // Center for Mathematical Studies in Economics and Management Science 1466 |
| Abstract: | | Diermeier and Fong (2008a) recently proposed a legislative bargaining model with reconsideration in the context of a distributive policy environment. In this paper we prove general existence and necessary conditions for pure-strategy stationary equilibria for any finite policy space and preference profile. We also provide an algorithm to compute these equilibria. In any such equilibrium proposal power is endogenously limited compared to the case of no reconsideration. The general model is then applied to various policy environments, including a model with spatial preferences. In the context of a public goods environment we can show that lack of commitment increases policy efficiency. |
| Subjects: | | Legislative bargaining reconsideration evolving default proposal power lack of commitment distributive politics public goods spatial model |
| JEL: | | C72 D72 D78 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers, Kellogg School of Management, Northwestern University
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/31248
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|