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Noncooperative foundations of bargaining power in committees and the Shapley-Shubik index

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  • Laruelle, Annick
  • Valenciano, Federico

Abstract

In this paper we explore the noncooperative foundations of the bargaining power that a voting rule gives to each member of a committee that bargains in search of consensus over a set of feasible agreements under a voting rule. Assuming complete information, we model a variety of bargaining protocols and investigate their stationary subgame perfect equilibria. We show how the Shapley-Shubik index and other power indices can be interpreted as measures of 'bargaining power' that appear in this light as limit cases.

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  • Laruelle, Annick & Valenciano, Federico, 2008. "Noncooperative foundations of bargaining power in committees and the Shapley-Shubik index," Games and Economic Behavior, Elsevier, vol. 63(1), pages 341-353, May.
    • Handle: RePEc:eee:gamebe:v:63:y:2008:i:1:p:341-353
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