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First Things First? The Agenda Formation Problem for Multi-issue Committees

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Francesca Flamini

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Abstract

It is often argued that multi-issue committees should discuss issues simultaneously to avoid ineciency. However, in practice, parties can be constrained to discuss issues sequentially and in this case, existing game-theoretical models give inconclusive results: either parties have dierent preferences over agendas or they are indierent. We show that when there is an important issue, parties have the same preferences over agendas, in particular they prefer to discuss the most important issue Þrst. Moreover, when an issue is dicult/urgent (in the sense that the rejection of a proposal on this issue implies a game breakdown with a positive probability) parties prefer to postpone the negotiations over the dicult/urgent issue. We highlight several incentives that players need to take into account in forming their preferences over agendas. Since theseareoften in conßict, the existence of a Pareto optimal agenda is of particular interest.

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Paper provided by Department of Economics, University of Glasgow in its series Working Papers with number 2001_19.

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Handle: RePEc:gla:glaewp:2001_19

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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.:
  1. Inderst, Roman, 2000. "Multi-issue Bargaining with Endogenous Agenda," Games and Economic Behavior, Elsevier, vol. 30(1), pages 64-82, January. [Downloadable!] (restricted)
  2. Muthoo Abhinay, 1995. "Bargaining in a Long-Term Relationship with Endogenous Termination," Journal of Economic Theory, Elsevier, vol. 66(2), pages 590-598, August. [Downloadable!] (restricted)
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  3. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January. [Downloadable!] (restricted)
  4. Lang, Kevin & Rosenthal, Robert W, 2001. "Bargaining Piecemeal or All at Once?," Economic Journal, Royal Economic Society, vol. 111(473), pages 526-40, July. [Downloadable!] (restricted)
  5. Busch, Lutz-Alexander & Horstmann, Ignatius J, 1997. "Bargaining Frictions, Bargaining Procedures and Implied Costs in Multiple-Issue Bargaining," Economica, London School of Economics and Political Science, vol. 64(256), pages 669-80, November. [Downloadable!] (restricted)
  6. Weinberger, Catherine J., 2000. "Selective Acceptance and Inefficiency in a Two-Issue Complete Information Bargaining Game," Games and Economic Behavior, Elsevier, vol. 31(2), pages 262-293, May. [Downloadable!] (restricted)
  7. repec:cup:cbooks:9780521576475 is not listed on IDEAS
  8. Lutz-Alexander Busch & Ignatius Horstmann, 1999. "Endogenous Incomplete Contracts: A Bargaining Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 956-975, August. [Downloadable!] (restricted)
  9. Ray, Debraj & Vohra, Rajiv, 1997. "Equilibrium Binding Agreements," Journal of Economic Theory, Elsevier, vol. 73(1), pages 30-78, March. [Downloadable!] (restricted)
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  10. Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics. [Downloadable!]
  11. Fershtman, Chaim, 1990. "The importance of the agenda in bargaining," Games and Economic Behavior, Elsevier, vol. 2(3), pages 224-238, September. [Downloadable!] (restricted)
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(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.)

  1. Julian Arevalo, 2004. "Gradual Nash bargaining with endogenous agenda. A path-dependent model," Colombian Economic Journal, Academia Colombiana de Ciencias Economicas, Colegio Mayor de Nuestra Senora del Rosario, Pontificia Universidad Javeriana, Universidad de Antioquia, Universidad de los Andes, Universidad del Valle, Un, vol. 2(1), pages 189-212, November. [Downloadable!]
    Other versions:
  2. Francesca Flamini, . "Strategic Effects and Incentives in Multi-issue Bargaining Games," Working Papers 2005_5, Department of Economics, University of Glasgow. [Downloadable!]
  3. Julián Arévalo, 2004. "Negociación Nash Gradual con Agenda Endógena: Un Modelo Trayectoria-Dependiente," Game Theory and Information 0407001, EconWPA. [Downloadable!]
  4. Francesca Flamini, . "A Note on Agenda Restrictions in Multi-Issue Bargaining," Working Papers 2003_15, Department of Economics, University of Glasgow. [Downloadable!]
  5. D r. (elect.) Julia Korosteleva, . "Maximising Seigniorage and Inflation Tax: The Case of Belarus," Working Papers 2006_5, Department of Economics, University of Glasgow. [Downloadable!]
  6. Francesca Flamini, 2007. "Best Agendas in Multi-Issue Bargaining," The B.E. Journal of Theoretical Economics, Berkeley Electronic Press, vol. 7(1). [Downloadable!]
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