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Bargaining in Standing Committees

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  • Vincent Anesi

    ()
    (School of Economics, University of Nottingham)

  • Daniel J Seidmann

    ()
    (School of Economics, University of Nottingham)

Abstract

Committee voting has mostly been investigated from the perspective of the standard Baron-Ferejohn model of bargaining over the division of a pie, in which bargaining ends as soon as the committee reaches an agreement. In standing committees, however, existing agreements can be amended. This paper studies an extension of the Baron-Ferejohn framework to a model with an evolving default that reflects this important feature of policymaking in standing committees: In each of an infinite number of periods, the ongoing default can be amended to a new policy (which in turn determines the default for the next period). The model provides a number of quite different predictions. In particular: (i) Substantial shares of the pie are wasted each period and the size principle fails in some pure strategy Markov perfect equilibria of non-unanimity games with patient enough players; and (ii) All Markov perfect equilibria are Pareto inefficient when discount factors are heterogenous. However, there is a unique equilibrium outcome in unanimity standing committee games, which coincides with the unique equilibrium outcome of the corresponding Baron-Ferejohn framework.

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Bibliographic Info

Paper provided by The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham in its series Discussion Papers with number 2012-09.

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Date of creation: Sep 2012
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Handle: RePEc:not:notcdx:2012-09

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Web page: http://www.nottingham.ac.uk/economics/cedex/
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Keywords: legislative bargaining; endogenous default; efficiency; pork barrel;

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References

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  1. Nicola Persico & Jos� C. R. Pueblita & Dan Silverman, 2011. "Factions and Political Competition," Journal of Political Economy, University of Chicago Press, vol. 119(2), pages 242 - 288.
  2. Eraslan, Hulya, 2002. "Uniqueness of Stationary Equilibrium Payoffs in the Baron-Ferejohn Model," Journal of Economic Theory, Elsevier, vol. 103(1), pages 11-30, March.
  3. repec:bla:restud:v:74:y:2007:i:4:p:1125-1147 is not listed on IDEAS
  4. Konstantin Sonin & Georgy Egorov & Daron Acemoglu, 2008. "Dynamics and Stability of Constitutions, Coalitions and Clubs," 2008 Meeting Papers 314, Society for Economic Dynamics.
  5. Anesi, Vincent & Seidmann, Daniel J., 2014. "Bargaining over an endogenous agenda," Theoretical Economics, Econometric Society, vol. 9(2), May.
  6. Bowen, T. Renee & Zahran, Zaki, 2012. "On dynamic compromise," Games and Economic Behavior, Elsevier, vol. 76(2), pages 391-419.
  7. Anesi, Vincent, 2010. "Noncooperative foundations of stable sets in voting games," Games and Economic Behavior, Elsevier, vol. 70(2), pages 488-493, November.
  8. Kalandrakis, Anastassios, 2004. "A three-player dynamic majoritarian bargaining game," Journal of Economic Theory, Elsevier, vol. 116(2), pages 294-322, June.
  9. Eraslan, Hülya & McLennan, Andrew, 2013. "Uniqueness of stationary equilibrium payoffs in coalitional bargaining," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2195-2222.
  10. Matthew F. Mitchell & Andrea Moro, 2006. "Persistent Distortionary Policies with Asymmetric Information," American Economic Review, American Economic Association, vol. 96(1), pages 387-393, March.
  11. Kyle Hyndman & Debraj Ray, 2007. "Coalition Formation with Binding Agreements," Review of Economic Studies, Oxford University Press, vol. 74(4), pages 1125-1147.
  12. Battaglini, Marco & Nunnari, Salvatore & Palfrey, Thomas, 2011. "Legislative bargaining and the dynamics of public investment," Discussion Papers, Research Unit: Market Behavior SP II 2011-205, Social Science Research Center Berlin (WZB).
  13. Tasos Kalandrakis, 2010. "Minimum winning coalitions and endogenous status quo," International Journal of Game Theory, Springer, vol. 39(4), pages 617-643, October.
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Cited by:
  1. Baron, David P. & Bowen, T. Renee, 2013. "Dynamic Coalitions," Research Papers 2128, Stanford University, Graduate School of Business.
  2. Vincent Anesi & Daniel J. Seidmann, 2011. "Bargaining over an Endogenous Agenda," Discussion Papers 2011-10, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  3. Jon X. Eguia & Kenneth A. Shepsle, 2014. "Endogenous Assembly Rules, Senior Agenda Power, and Incumbency Advantage," Bristol Economics Discussion Papers 14/638, Department of Economics, University of Bristol, UK.
  4. Facundo Piguillem & Alessandro Riboni, 2013. "Spending Biased Legislators - Discipline Through Disagreement," EIEF Working Papers Series 1317, Einaudi Institute for Economics and Finance (EIEF), revised Jul 2013.
  5. T. Renee Bowen & Ying Chen & Hulya Eraslan, 2012. "Mandatory Versus Discretionary Spending: The Status Quo Effect," Koç University-TUSIAD Economic Research Forum Working Papers 1229, Koc University-TUSIAD Economic Research Forum.

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