Rhetoric in Legislative Bargaining with Asymmetric Information
But when a policy dimension and a distributive dimension are both present, we show that in equilibrium, the demands by the legislators have some influence on the bargaining outcome but they are not fully informative about the legislators' true preferences. We characterize equilibria under the majority rule and show that equilibrium demands by the legislators can be either cooperative, compromising or tough.
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- Joseph Farrell and Robert Gibbons., 1988.
"Cheap Talk Can Matter in Bargaining,"
Economics Working Papers
8863, University of California at Berkeley.
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