Article ID Journal Published Year Pages File Type
7349409 Economics Letters 2018 4 Pages PDF
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.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Legislative bargaining with a stochastic surplus and costly recognition
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