Rhetoric in Legislative Bargaining with Asymmetric Information
AbstractBut when a policy dimension and a distributive dimension are both present, we show that in equilibrium, the demands by the legislators have some influence on the bargaining outcome but they are not fully informative about the legislators' true preferences. We characterize equilibria under the majority rule and show that equilibrium demands by the legislators can be either cooperative, compromising or tough.
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Bibliographic InfoPaper provided by Society for Economic Dynamics in its series 2010 Meeting Papers with number 1159.
Date of creation: 2010
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