Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7349409 | Economics Letters | 2018 | 4 Pages |
Abstract
Merging Eraslan and Merlo (2002) and Yildirim (2007), I examine legislative bargaining with a stochastic surplus and costly recognition. I show the uniqueness of the symmetric stationary payoff under monotone hazard rate and an inefficiently early agreement under unanimity.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mustafa Yildirim,