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Rhetoric in Legislative Bargaining with Asymmetric Information

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  • Ying Chen

    (Arizona State University)

Abstract

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.

Suggested Citation

  • Ying Chen, 2010. "Rhetoric in Legislative Bargaining with Asymmetric Information," 2010 Meeting Papers 1159, Society for Economic Dynamics.
    • Handle: RePEc:red:sed010:1159
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    References listed on IDEAS

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    Cited by:

    1. Lee, Barton E., 2022. "Gridlock, leverage, and policy bundling," Journal of Public Economics, Elsevier, vol. 212(C).
    2. Baron, David P. & Bowen, T. Renee & Nunnari, Salvatore, 2017. "Durable coalitions and communication: Public versus private negotiations," Journal of Public Economics, Elsevier, vol. 156(C), pages 1-13.
    3. Ying Chen & Hülya Eraslan, 2017. "Dynamic Agenda Setting," American Economic Journal: Microeconomics, American Economic Association, vol. 9(2), pages 1-32, May.
    4. Harstad, Bård, 2023. "Pledge-and-review bargaining," Journal of Economic Theory, Elsevier, vol. 207(C).
    5. Vincent Anesi & Mikhail Safronov, 2023. "Deciding When To Decide: Collective Deliberation And Obstruction," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 757-781, May.
    6. Piazolo, David & Vanberg, Christoph, 2022. "Legislative bargaining with private information: A comparison of majority and unanimity rule," Working Papers 0708, University of Heidelberg, Department of Economics.
    7. Harstad, Bård, 2021. "A Theory of Pledge-and-Review Bargaining," Memorandum 5/2022, Oslo University, Department of Economics, revised 21 Jun 2021.
    8. Vincent Anesi, 2018. "Dynamic Legislative Policy Making under Adverse Selection," Discussion Papers 2018-08, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    9. Ying Chen & Hülya Eraslan, 2013. "Informational loss in bundled bargaining," Journal of Theoretical Politics, , vol. 25(3), pages 338-362, July.
    10. Agranov, Marina & Tergiman, Chloe, 2014. "Communication in multilateral bargaining," Journal of Public Economics, Elsevier, vol. 118(C), pages 75-85.
    11. Miettinen, Topi & Vanberg, Christoph, 2020. "Commitment and Conflict in Multilateral Bargaining," Working Papers 0679, University of Heidelberg, Department of Economics.
    12. Louis-Sidois, Charles & Musolff, Leon Andreas, 2024. "Buying voters with uncertain instrumental preferences," Theoretical Economics, Econometric Society, vol. 19(3), July.
    13. Jan Zápal, 2017. "Crafting consensus," Public Choice, Springer, vol. 173(1), pages 169-200, October.
    14. Ma, Zizhen, 2023. "Efficiency and surplus distribution in majoritarian reputational bargaining," Journal of Economic Theory, Elsevier, vol. 210(C).
    15. Chen, Ying & Zápal, Jan, 2022. "Sequential vote buying," Journal of Economic Theory, Elsevier, vol. 205(C).
    16. Baerg, Nicole Rae & Krainin, Colin, 2022. "Divided committees and strategic vagueness," European Journal of Political Economy, Elsevier, vol. 74(C).
    17. Chen, Jidong, 2023. "Sequential agenda setting with strategic and informative voting," Journal of Public Economics, Elsevier, vol. 226(C).

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    More about this item

    JEL classification:

    • 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
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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