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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Economic ...arrow_drop_down
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Journal of Economic Theory
Article . 2002 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 2002
Data sources: zbMATH Open
SSRN Electronic Journal
Article . 2000 . Peer-reviewed
Data sources: Crossref
DBLP
Article . 2020
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Legislative Bargaining and Coalition Formation

Legislative bargaining and coalition formation
Authors: Peter Norman;

Legislative Bargaining and Coalition Formation

Abstract

The paper studies the finite horizon version of Baron and Ferejohn's (1989) legislative bargaining model is investigated. The author shows that if there are three or more rounds of bargaining, then a continum of division s is supportable as subgame perfect equilibrium outcomes. There exist equilibria where coalitions larger than a minimal winning coalation receive strictly positive shares. In fact, any interior division can be supported as a subgame perfect equilibrium outcome if the players are sufficiently patient and there are sufficiently many rounds of bargaining. In contrast a generic uniqueness result applies when introducing heterogeneous time preferences.The unique backwards induction equilibrium in the perturbed game is nonstationary, and neither the original (symmetric) nor the perturbed game provides guidance for equilibrium selection in the infinite game. The paper consists of 6 sections and the appendix contains all the proofs of the main theorems.

Keywords

legislative bargaining, generic uniqueness, Cooperative games, coalition formation, minimal winning coalitions

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
43
Top 10%
Top 10%
Average
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