Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957075 | Journal of Economic Theory | 2007 | 25 Pages |
Abstract
We analyze bargaining over the one-dimension characteristic of a public good among n impatient players when decisions require q favorable votes, q⩾2. Stationary subgame perfect equilibrium strategies are characterized for all games with deterministic protocol. We provide a monotonicity condition (satisfied by all single-peak, strictly quasi-concave and concave utilities) that assures uniqueness for every q whenever player's utilities are symmetric around the peak. Without symmetry, the monotonicity condition assures uniqueness for qualified majorities, q>n/2, provided that agents are sufficiently patient and utilities satisfy an additional regularity condition. Asymptotic uniqueness is assured for qualified majorities by imposing only the monotonicity condition.
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Authors
Daniel Cardona, Clara PonsatÃ,