Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072037 | Games and Economic Behavior | 2012 | 29 Pages |
Abstract
⺠We study MPE of a legislative bargaining game with an endogenous status quo. ⺠We find that non-dictatorial outcomes are possible. ⺠Equilibrium is path-dependent: compromise occurs if initial shares are somewhat even. ⺠The equilibrium relies on discount factors being in an intermediate range. ⺠The range of discount factors increases with the number of legislators.
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Authors
T. Renee Bowen, Zaki Zahran,