Bargaining one-dimensional social choices

被引:19
|
作者
Cardona, Daniel [1 ]
Ponsati, Clara [2 ]
机构
[1] Univ Illes Balears, Dept Econ Aplicada, Palma de Mallorca 07071, Spain
[2] CSIC, Inst Anal Econ, Barcelona, Spain
关键词
bargaining; voting; qualified majority; one-dimensional policies; single-peaked preferences; public good location;
D O I
10.1016/j.jet.2006.12.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (c) 2007 Elsevier Inc. All rights reserved.
引用
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页码:627 / 651
页数:25
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