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Computation of equilibrium values in the Baron and Ferejohn bargaining model.
- Source :
-
Games & Economic Behavior . Nov2015, Vol. 94, p29-38. 10p. - Publication Year :
- 2015
-
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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 08998256
- Volume :
- 94
- Database :
- Academic Search Index
- Journal :
- Games & Economic Behavior
- Publication Type :
- Academic Journal
- Accession number :
- 111183801
- Full Text :
- https://doi.org/10.1016/j.geb.2015.08.004