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Limited Foresight and Gridlock in Bargaining

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  • Parth Parihar

Abstract

status quostatus quopolicy polarizationThis paper contributes to the study of gridlock by analyzing a model of repeated two-party bargaining in which agreements and proposal power are in general both endogenous. I introduce a key object, the foresight horizon, to index the number of downstream agreements agents incorporate into their decision-making on current policy. Gridlock occurs in equilibrium if and only if foresight is limited. I relate equilibrium behavior within the specific setting of legislative bargaining to observed phenomena in public policy-making. While there is short-run correlation of future policy with the , policy converges in the long-run of equilibrium play to an invariant distribution, independent of where it begins. I also demonstrate that — the gap between parties' actionable proposals — is increasing in their foresight.

Suggested Citation

  • Parth Parihar, 2025. "Limited Foresight and Gridlock in Bargaining," Quarterly Journal of Political Science, now publishers, vol. 20(1), pages 71-100, January.
  • Handle: RePEc:now:jlqjps:100.00022032
    DOI: 10.1561/100.00022032
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