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On dynamic compromise

  • Bowen, T. Renee
  • Zahran, Zaki

Most legislatures require the consent of only a simple majority to pass a proposal, so why donʼt legislative outcomes favor only a bare majority? We show that compromise can be achieved if legislators are neither too impatient nor too patient, and initial allocations are “not too unequal”. The compromise is only sustainable if, starting from the “unequal” allocations there is a possibility of spiraling towards a complete absence of compromise. We find that the range of discount factors for which the equilibrium exists increases as the number of legislators increases. In this sense, compromise is easier in larger legislatures.

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Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 76 (2012)
Issue (Month): 2 ()
Pages: 391-419

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Handle: RePEc:eee:gamebe:v:76:y:2012:i:2:p:391-419
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

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  1. Diermeier, Daniel & Merlo, Antonio, 1998. "Government turnover in parliamentary democracies," Bulletins 7453, University of Minnesota, Economic Development Center.
  2. Marco Battaglini & Stephen Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," NBER Working Papers 12100, National Bureau of Economic Research, Inc.
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  4. Haag, Matthew & Lagunoff, Roger, 2002. "On the Size and Structure of Group Cooperation," The Warwick Economics Research Paper Series (TWERPS) 650, University of Warwick, Department of Economics.
  5. Olivier Compte & Philippe Jehiel, 2004. "Bargaining over Randomly Generated Offers: A new Perspective on Multi-Party Bargaining," Levine's Bibliography 122247000000000739, UCLA Department of Economics.
  6. Marco Battaglini & Thomas Palfrey, 2007. "The Dynamics of Distributive Politics," Discussion Papers 1451, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  7. Ignacio Ortuno-Ortin & Anke Gerber, 1998. "Political compromise and endogenous formation of coalitions," Social Choice and Welfare, Springer, vol. 15(3), pages 445-454.
  8. Daniel Diermeier & Pohan Fong, 2011. "Legislative Bargaining with Reconsideration," The Quarterly Journal of Economics, Oxford University Press, vol. 126(2), pages 947-985.
  9. Pecorino, Paul, 1999. "The effect of group size on public good provision in a repeated game setting," Journal of Public Economics, Elsevier, vol. 72(1), pages 121-134, April.
  10. Tasos Kalandrakis, 2010. "Minimum winning coalitions and endogenous status quo," International Journal of Game Theory, Springer, vol. 39(4), pages 617-643, October.
  11. Avinash Dixit & Gene M. Grossman & Faruk Gul, 2000. "The Dynamics of Political Compromise," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 531-568, June.
  12. Kalandrakis, Anastassios, 2004. "A three-player dynamic majoritarian bargaining game," Journal of Economic Theory, Elsevier, vol. 116(2), pages 294-322, June.
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