Proposal Rights and Political Power
AbstractIn a canonical model of sequential collective bargaining over a divisible good we show that equilibrium expected payoffs are not restricted by players’ voting rights or their impatience. For all monotonic voting rules and discount factors, and for all divisions of the good among players, there exists a stationary proposal-making rule such that this division represents players’ expected payoffs in a Stationary Subgame Perfect Nash equilibrium in pure strategies. The result attests to the significance of proposal rights in determining political power in collective deliberations.
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Bibliographic InfoPaper provided by University of Rochester - Wallis Institute of Political Economy in its series Wallis Working Papers with number WP38.
Length: 16 pages
Date of creation: Jun 2004
Date of revision:
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Postal: University of Rochester, Wallis Institute, Harkness 109B Rochester, New York 14627 U.S.A.
Power; Proposal Rights; Voting Rights.;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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