Decision costs in legislative bargaining: an experimental analysis
AbstractWe conduct an experiment to assess the effects of different decision rules on the costs of decision making in a multilateral bargaining situation. Specifically, we compare the amount of costly delay observed in an experimental bargaining game under majority and unanimity rule. Our main finding is that individual subjects are more likely to reject offers under unanimity rule. This higher rejection rate, as well as the requirement that all subjects agree, leads to more costly delay. This result provides empirical support for a classic argument in favor of less-than-unanimity decision rules put forth by Buchanan and Tullock (The calculus of consent: logical foundations of constitutional democracy, University of Michigan Press, Ann Arbor, 1962 ). Copyright Springer Science+Business Media, LLC 2013
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 155 (2013)
Issue (Month): 3 (June)
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Web page: http://www.springerlink.com/link.asp?id=100332
Collective decision-making; Majority rule; Unanimity; Legislative bargaining; Experimental economics; C78; C92; D71; D72;
Other versions of this item:
- Luis Miller & Christoph Vanberg, 2011. "Decision costs in legislative bargaining: An experimental analysis," Discussion Papers 2011002, University of Oxford, Nuffield College.
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
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