Bargaining one-dimensional social choices |
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Authors: | Daniel Cardona,Clara Ponsatí |
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Affiliation: | a Dept. Economia Aplicada, Universitat de les Illes Balears,Ctra. Valldemossa km. 7.5, 07071 Palma de Mallorca, Spain b Institut d’Anàlisi Econòmica - C.S.I.C., Barcelona |
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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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Keywords: | C78 D71 D72 D74 |
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