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Abstract

In this paper, we study a two issue bargaining situation allowing for an endogenous determination of the agenda under alternative rules for implementing agreements. We uncover the settings in which different agenda structures will be employed in equilibrium, how the order in which issues are bargained over matters, and what impact the rules for implementing agreements have. We find that, if agreements are implemented as they are reached, "easy" issues are negotiated first and "hard" issues later; if agreements are implemented only after all issues are settled, then it is only the size of the surplus that determines order, with large issues settled first. We also show that all parties prefer the former rules of implementation to the letter.

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Bibliographic Info

Paper provided by University of Waterloo, Department of Economics in its series Working Papers with number 97003.

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Length: 27 pages
Date of creation: May 1997
Date of revision: May 1997
Handle: RePEc:wat:wpaper:97003

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Cited by:

1. L.-A. Busch & A. Muthoo, 2003. "Power and Inefficient Institutions," Economics Discussion Papers 561, University of Essex, Department of Economics.
2. In, Younghwan & Serrano, Roberto, 2004. "Agenda restrictions in multi-issue bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 53(3), pages 385-399, March.
   
   • Younghwan In & Roberto Serrano, 2000. "Agenda Restrictions in Multi-Issue Bargaining," Working Papers 2000-08, Brown University, Department of Economics.

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