Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071550 | Games and Economic Behavior | 2015 | 10 Pages |
Abstract
Computation of exact equilibrium values for n-player divide-the-dollar legislative bargaining games as in Baron and Ferejohn (1989) with general quota voting rules, recognition probabilities, and discount factors, can be achieved by solving at most n bivariate square linear systems of equations. The approach recovers Eraslan's (2002) uniqueness result and relies on a characterization of equilibria in terms of two variables that satisfy a pair of piecewise linear equations.
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Authors
Tasos Kalandrakis,