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Computation of equilibrium values in the Baron and Ferejohn bargaining model.

Authors :
Kalandrakis, Tasos
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