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Rhetoric in legislative bargaining with asymmetric information

  • Ying Chen
  • , Hülya Eraslan
  • University of Southampton
  • Johns Hopkins University

Araştırma sonucu: Dergiye katkıMakalebilirkişi

19 Atıf (Scopus)

Özet

We analyze a three-player legislative bargaining game over an ideological and a distributive decision. Legislators are privately informed about their ideological intensities, i.e., the weight placed on the ideological decision relative to the weight placed on the distributive decision. Communication takes place before a proposal is offered and majority rule voting determines the outcome. We show that it is not possible for all legislators to communicate informatively. In particular, the legislator who is ideologically more distant from the proposer cannot communicate informatively, but the closer legislator may communicate whether he would "compromise" or "fight" on ideology. Surprisingly, the proposer may be worse off when bargaining with two legislators (under majority rule) than with one (who has veto power), because competition between the legislators may result in less information conveyed in equilibrium. Despite separable preferences, the proposer is always better off making proposals for the two dimensions together.

Orijinal dilİngilizce
Sayfa (başlangıç-bitiş)483-513
Sayfa sayısı31
DergiTheoretical Economics
Hacim9
Basın numarası2
DOI'lar
Yayın durumuYayınlandı - May 2014
Harici olarak yayınlandıEvet

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