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Author: Salvatore Nunnari
Publisher:
ISBN:
Category : Group decision making
Languages : en
Pages : 0
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Book Description
In many domains, committees bargain over a sequence of policies and a policy remains in effect until a new agreement is reached. In this paper, I argue that, in order to assess the consequences of veto power, it is important to take into account this dynamic aspect. I analyze an infinitely repeated divide-the-dollar game with an endogenous status quo policy. I show that, irrespective of legislators' patience and the initial division of the dollar, policy eventually gets arbitrarily close to full appropriation by the veto player; that convergence to this outcome is slower, and the power to veto less valuable, in more patient committees; and that the veto player supports reforms that decrease his allocation. These results stand in sharp contrast to the properties of models where committees bargain over a single policy. The main predictions of the theory find support in controlled laboratory experiments.
Author: Salvatore Nunnari
Publisher:
ISBN:
Category : Group decision making
Languages : en
Pages : 0
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Book Description
In many domains, committees bargain over a sequence of policies and a policy remains in effect until a new agreement is reached. In this paper, I argue that, in order to assess the consequences of veto power, it is important to take into account this dynamic aspect. I analyze an infinitely repeated divide-the-dollar game with an endogenous status quo policy. I show that, irrespective of legislators' patience and the initial division of the dollar, policy eventually gets arbitrarily close to full appropriation by the veto player; that convergence to this outcome is slower, and the power to veto less valuable, in more patient committees; and that the veto player supports reforms that decrease his allocation. These results stand in sharp contrast to the properties of models where committees bargain over a single policy. The main predictions of the theory find support in controlled laboratory experiments.
Author: Christopher Cotton
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Models of repeated legislative bargaining typically assume that an agenda setter is randomly selected each period, even if the agenda setter in the previous period successfully passed a proposal. In reality, successful legislative agenda setters (e.g., speakers, committee chairs) tend to hold onto power. We propose two alternative models in which successful agenda setters retain power. In the first model, a successful agenda setter automatically keeps power. Such an assumption is easy to work with and results in a policy equal to that in a traditional non-repeated game. In the second model, an agenda setter requires the support of a legislative majority to retain power. Such an assumption is realistic and results in the most-equitable policy outcome. Compared to both of these models, the standard random-selection assumption exaggerates the agenda setter's ability to extract rent from the legislative process, and underestimates the well- being of the legislative majority.
Author: Vincent Anesi
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This note examines the structure of stationary bargaining equilibria in the nite framework of Anesi (2010). The main result establishes a tight connection between the set of equilibrium absorbing points and the von Neumann-Morgestern solutions: assuming that players are patient, that the voting rule is oligarchical, and that there is at least one veto player with positive recognition probability, a set of alternatives corresponds to the absorbing points of an equilibrium if and only if it is a von Neumann-Morgenstern solution. We also apply our analysis of ergodic properties of equilibria to the persistent agenda setter environment of Diermeier and Fong (2012). We show that all equilibria are essentially pure, and we extend their characterization of absorbing sets to allow an arbitrary voting rule and by removing the restriction to pure strategy equilibira.
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Category :
Languages : en
Pages :
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Author: Emin Karagözoğlu
Publisher: Springer Nature
ISBN: 3030766667
Category : Business & Economics
Languages : en
Pages : 486
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Book Description
This Edited Collection provides a rigorous and rich overview of current bargaining research in economics and related disciplines, as well as a discussion of future directions. The Editors create cross-disciplinary and cross-methodological synergies by bringing together bargaining researchers from various fields, including game theory, experimental economics, political economy, autonomous negotiations, artificial intelligence, environmental economics and behavioral operations management; as well as using various methods, including the strategic approach, axiomatic approach, empirical research, lab and field experiments, machine learning and decision support systems. Offering insights into the theoretical foundations of bargaining research, traditional applications to bargaining research and topics of growing importance due to new advances in technology and the changing political and physical landscape of the world, this book is a key tool for anyone working on or interested in bargaining.
Author: Charles M. Cameron
Publisher: Cambridge University Press
ISBN: 9780521625500
Category : Political Science
Languages : en
Pages : 316
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Book Description
Combining game theory with unprecedented data, this book analyzes how divided party Presidents use threats and vetoes to wrest policy concessions from a hostile congress.
Author: Norman Schofield
Publisher: Springer
ISBN: 3319445820
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
This book presents a set of original and innovative contributions on state, institutions and democracy in the field of political economy. Modern political economy has implied the interaction between politics and economics to understand political, electoral and public issues in different nations, and in this volume a group of leading political economists and political scientists from Europe, America and Asia provides theoretical advances, modelling and case studies on main topics in political economy. The analysis of the role and performance of politics and democracy in diverse nations implies the study of the organization of the state, lobbying, political participation, public policies, electoral politics, public administration and the provision of public services. This book provides advances in the research frontier of these topics and combines historical evidence, institutional analysis, mathematical models and empirical analysis in an interdisciplinary approach. Political and social scientists, economists and those interested in the performance of states, democracy and elections can find new research results in this volume.
Author: David Austen-Smith
Publisher: Springer Science & Business Media
ISBN: 354027295X
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks' research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing.
Author: Andreas Hahn
Publisher: Logos Verlag Berlin GmbH
ISBN: 3832525394
Category : Political Science
Languages : en
Pages : 269
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Book Description
Reform success and reform delay are subject to a variety of explanations. In general, high decisiveness leads to reform propensity, while its absence, or high resoluteness, to policy-gridlock. The Brazilian reform experience is contradicting: both aspects are present - factors leading to decisiveness as well as those inducing gridlock and reform delay. Leaving the static point of view and accounting for a dynamic development, this apparent contradiction gets resolved: in fact, the executive gained growing leeway during the 1990s, providing it with the means to achieve a higher degree of decisiveness of the political system by simultaneously guaranteeing resoluteness.It is, however, greatly mistaken to consider this development as a blank cheque to universal, encompassing reforming in all areas. Despite growing executive dominance and growing policy consensus, some particular reforms were a success, while others did not surpass its initial stages. This is finally due to path-dependency and explicit policy-specificities, triggering different institutional constraints and veto-points, which even strong Presidents cannot override.
Author: Jonathan Slapin
Publisher: University of Michigan Press
ISBN: 0472027751
Category : Political Science
Languages : en
Pages : 262
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Book Description
"This is a terrific book. The questions that Slapin asks about intergovernmental conferences (IGCs) in the European Union are extraordinarily important and ambitious, with implications for the EU and for international cooperation more generally. Furthermore, Slapin's theorizing of his core questions is rigorous, lucid, and accessible to scholarly readers without extensive formal modeling background . . . This book is a solid, serious contribution to the literature on EU studies." ---Mark Pollack, Temple University "An excellent example of the growing literature that brings modern political science to bear on the politics of the European Union." ---Michael Laver, New York University Veto rights can be a meaningful source of power only when leaving an organization is extremely unlikely. For example, small European states have periodically wielded their veto privileges to override the preferences of their larger, more economically and militarily powerful neighbors when negotiating European Union treaties, which require the unanimous consent of all EU members. Jonathan B. Slapin traces the historical development of the veto privilege in the EU and how a veto---or veto threat---has been employed in treaty negotiations of the past two decades. As he explains, the importance of veto power in treaty negotiations is one of the features that distinguishes the EU from other international organizations in which exit and expulsion threats play a greater role. At the same time, the prominence of veto power means that bargaining in the EU looks more like bargaining in a federal system. Slapin's findings have significant ramifications for the study of international negotiations, the design of international organizations, and European integration.
