Noncooperative foundations of bargaining power in committees and the Shapley-Shubik index
AbstractIn 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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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 63 (2008)
Issue (Month): 1 (May)
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Web page: http://www.elsevier.com/locate/inca/622836
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