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Legislative and Multilateral Bargaining

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  • Hülya Eraslan
  • Kirill S. Evdokimov

Abstract

This review of the theoretical literature on legislative and multilateral bargaining begins with presentation of the seminal Baron-Ferejohn model. The review then encompasses the extensions to bargaining among asymmetric players in terms of bargaining power, voting weights, and time and risk preferences; spatial bargaining; bargaining over a stochastic surplus; bargaining over public goods; legislative bargaining with alternative bargaining protocols in which players make demands, compete for recognition, or make counterproposals; and legislative bargaining with cheap talk communication.

Suggested Citation

  • Hülya Eraslan & Kirill S. Evdokimov, 2019. "Legislative and Multilateral Bargaining," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 443-472, August.
    • Handle: RePEc:anr:reveco:v:11:y:2019:p:443-472
    DOI: 10.1146/annurev-economics-080218-025633
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