On the optimality of bargaining outcomes in the Collective-Particularistic multilateral bargaining game
AbstractThis note analyzes the efficiency properties of the equilibrium in a multilateral bargaining game in which a legislature divides a budget among collective and particularistic goods. We extend the model of Volden and Wiseman (2007) by considering smooth utility functions and consensus requirements ranging from simple-majority to unanimity. We show that when the private valuation of the private good is relatively high, only unanimity induces an (ex-ante) Pareto efficient outcome. Moreover, optimality can be easily attained by using sequential negotiations, independently of the majority requirement.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Universitat de les Illes Balears, Departament d'Economía Aplicada in its series DEA Working Papers with number 53.
Date of creation: 2013
Date of revision:
Non-cooperative bargaining; sequential negotiantion; voting; quota rules;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-02 (All new papers)
- NEP-CDM-2013-03-02 (Collective Decision-Making)
- NEP-GTH-2013-03-02 (Game Theory)
- NEP-MIC-2013-03-02 (Microeconomics)
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.:
- David P. Baron & Daniel Diermeier, 2001. "Elections, Governments, And Parliaments In Proportional Representation Systems," The Quarterly Journal of Economics, MIT Press, vol. 116(3), pages 933-967, August.
- Jackson, Matthew O. & Moselle, Boaz, 2002.
"Coalition and Party Formation in a Legislative Voting Game,"
Journal of Economic Theory,
Elsevier, vol. 103(1), pages 49-87, March.
- Jackson, Matthew O. & Moselle, Boaz, 1998. "Coalition and Party Formation in a Legislative Voting Game," Working Papers 1036, California Institute of Technology, Division of the Humanities and Social Sciences.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Xisco Oliver).
If references are entirely missing, you can add them using this form.