This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Majority Rule in a Stochastic Model of Bargaining Author info | Abstract | Publisher info | Download info | Related research | Statistics Eraslan, H.
Merlo, A.
Additional information is available for the following
registered author(s):
In this paper we consider multilateral stochastic bargaining models with general agreement rules. For n-player games where in each period a player is randomly selected to allocate a stochastic level of surplus and q<=n players have to agree on a proposal to induce its acceptance, we characterize the set of stationary subgame perfect equilibrium payoffs and establish their existence. We show that for agreement rules other than the unanimity rule, the equilibrium payoffs need not be unique. Furthermore, even when the equilibrium is unique, it need not be efficient.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number
00-05.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 31 pages
Date of creation: 2000Date of revision:
Handle: RePEc:cvs:starer:00-05Contact details of provider: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Phone: (212) 998-8936 Fax: (212) 995-3932 Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html More information through EDIRC
Order Information: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Email:
For technical questions regarding this item, or to correct its listing, contact: (Anne Stubing).
Keywords: NONCOOPERATIVE BARGAINING ; VOTING RULES ; STOCHASTIC GAMES ; Other versions of this item:
Find related papers by JEL classification: C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Harrington, Joseph E, Jr, 1990.
" The Role of Risk Preferences in Bargaining When Acceptance of a Proposal Requires Less than Unanimous Approval ,"
Journal of Risk and Uncertainty ,
Springer, vol. 3(2), pages 135-54, June.
Okada, Akira, 1996.
"A Noncooperative Coalitional Bargaining Game with Random Proposers ,"
Games and Economic Behavior ,
Elsevier, vol. 16(1), pages 97-108, September.
[Downloadable!] (restricted)
Chatterjee, Kalyan & Bhaskar Dutta & Debraj Ray & Kunal Sengupta, 1993.
"A Noncooperative Theory of Coalitional Bargaining ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 60(2), pages 463-77, April.
[Downloadable!] (restricted)
Merlo, Antonio, 1997.
"Bargaining over Governments in a Stochastic Environment ,"
Journal of Political Economy ,
University of Chicago Press, vol. 105(1), pages 101-31, February.
Other versions:
Merlo, Antonio, 1996.
"Bargaining over governments in a stochastic environment ,"
Bulletins
7476, University of Minnesota, Economic Development Center.
[Downloadable!] Merlo, A., 1992.
"Bargaining Over Governments in a Stochastic Environment ,"
Working Papers
92-55, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Antonio Merlo & Charles Wilson, 1997.
"Efficient delays in a stochastic model of bargaining ,"
Economic Theory ,
Springer, vol. 11(1), pages 39-55.
[Downloadable!] (restricted)
Rubinstein, Ariel, 1982.
"Perfect Equilibrium in a Bargaining Model ,"
Econometrica ,
Econometric Society, vol. 50(1), pages 97-109, January.
[Downloadable!] (restricted)
Eraslan, Hulya, 2002.
"Uniqueness of Stationary Equilibrium Payoffs in the Baron-Ferejohn Model ,"
Journal of Economic Theory ,
Elsevier, vol. 103(1), pages 11-30, March.
[Downloadable!] (restricted)
Timothy Feddersen & Wolfgang Pesendorfer, 1996.
"Convicting the Innocent: The Inferiority of Unanimous Jury Verdicts ,"
Discussion Papers
1170, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Nicola Persico, .
""Consensus and the Accuracy of Signals: Optimal Committee Design with Endogenous Information'' ,"
CARESS Working Papres
99-08, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
[Downloadable!]
Other versions: Daniel Diermeier & Antoni Merlo, 1999.
"An Empirical Investigation of Coalitional Bargaining Procedures ,"
Discussion Papers
1267, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Other versions: Merlo, Antonio & Wilson, Charles A, 1995.
"A Stochastic Model of Sequential Bargaining with Complete Information ,"
Econometrica ,
Econometric Society, vol. 63(2), pages 371-99, March.
[Downloadable!] (restricted)
Martin J. Osborne & Ariel Rubinstein, 2005.
"Bargaining and Markets ,"
Levine's Bibliography
666156000000000515, UCLA Department of Economics.
[Downloadable!]
Baron David & Kalai Ehud, 1993.
"The Simplest Equilibrium of a Majority-Rule Division Game ,"
Journal of Economic Theory ,
Elsevier, vol. 61(2), pages 290-301, December.
[Downloadable!] (restricted)
Banks, Jeffrey S. & Duggan, John, 1999.
"A Bargaining Model of Collective Choice ,"
Working Papers
1053, California Institute of Technology, Division of the Humanities and Social Sciences.
[Downloadable!]
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Marco Battaglini & Stephen Coate, 2007.
"Inefficiency in Legislative Policymaking: A Dynamic Analysis ,"
American Economic Review ,
American Economic Association, vol. 97(1), pages 118-149, March.
[Downloadable!]
Other versions:
Battaglini, Marco & Coate, Stephen, 2005.
"Inefficiency in Legislative Policy-Making: A Dynamic Analysis ,"
Papers
08-09-2005, Princeton University, Research Program in Political Economy.
[Downloadable!] Marco Battaglini & Stephen Coate, 2005.
"Inefficiency in Legislative Policy-Making: A Dynamic Analysis ,"
NBER Working Papers
11495, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Stephen Coate & Marco Battaglini, 2005.
"Inefficiency in Legislative Policy-Making: A Dynamic Analysis ,"
2005 Meeting Papers
209, Society for Economic Dynamics.
[Downloadable!] Predtetchinski Arkadi, 2009.
"On the asymptotic uniqueness of bargaining equilibria ,"
Research Memoranda
023, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
Montero, M., 2001.
"The nucleolus as a consistent power index in noncooperative majority games ,"
Discussion Paper
39, Tilburg University, Center for Economic Research.
[Downloadable!]
Siddhartha Bandyopadhyay & Kalyan Chatterjee & Tomas Sjostrom, 2009.
"Pre-Electoral Coalitions and Post-Election Bargaining ,"
Discussion Papers
09-10, Department of Economics, University of Birmingham.
[Downloadable!]
John Duggan & Seok-ju Cho, 2007.
"Bargaining Foundations of the Median Voter Theorem ,"
Wallis Working Papers
WP49, University of Rochester - Wallis Institute of Political Economy.
[Downloadable!]
Alessandra Sgobbi & Carlo Carraro, 2007.
"Modelling Negotiated Decision Making: a Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty ,"
Working Papers
2007.81, Fondazione Eni Enrico Mattei.
[Downloadable!]
Other versions:
Carraro, Carlo & Sgobbi, Alessandra, 2007.
"Modelling Negotiated Decision Making: A Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty ,"
CEPR Discussion Papers
6424, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Carlo Carraro & Alessandra Sgobbi, 2007.
"Modelling Negotiated Decision Making: a Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty ,"
Working Papers
2007_12, University of Venice "Ca' Foscari", Department of Economics.
[Downloadable!] Clara Ponsatí & Daniel Cardona, 2008.
"Bargaining one-dimensional policies and the efficiency of super majority rules ,"
UFAE and IAE Working Papers
762.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
[Downloadable!]
Banks, Jeffrey S. & Duggan, John, 2003.
"A bargaining model of legislative policy-making ,"
Working Papers
1162, California Institute of Technology, Division of the Humanities and Social Sciences.
[Downloadable!]
Predtetchinski, Arkadi, 2007.
"One-dimensional bargaining with a general voting rule ,"
Research Memoranda
045, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
Philippe Jehiel & Oliver Compte, 2007.
"Bargaining and Majority Rules: A Collective Search Perspective ,"
Levine's Bibliography
843644000000000131, UCLA Department of Economics.
[Downloadable!]
Herings, P. Jean-Jacques & Predtetchinski, Arkadi, 2007.
"One-dimensional Bargaining with Markov Recognition Probabilities ,"
Research Memoranda
044, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
Antonio Merlo, 2005.
"Whither Political Economy? Theories, Facts and Issues ,"
PIER Working Paper Archive
05-033, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Dec 2005.
[Downloadable!]
repec:att:wimass:1920012 is not listed on IDEAS
Yildirim, Huseyin, 2005.
"Proposal Power and Majority Rule in Multilateral Bargaining with Costly Recognition ,"
Working Papers
05-10, Duke University, Department of Economics.
[Downloadable!]
Tasos Kalandrakis, 2004.
"Regularity of Pure Strategy Equilibrium Points in a Class of Bargaining Games ,"
Wallis Working Papers
WP37, University of Rochester - Wallis Institute of Political Economy.
[Downloadable!]
Other versions:
Access and
download statistics Did you know? Data contributors to RePEc receive monthly emails with details about downloads and abstract views of their works.
This page was last updated on 2009-10-28.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .