Markovian equilibria in dynamic spatial legislative bargaining: existence with three players
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F16%3A00461426" target="_blank" >RIV/67985998:_____/16:00461426 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/16:00472319
Result on the web
<a href="http://dx.doi.org/10.1016/j.geb.2016.06.013" target="_blank" >http://dx.doi.org/10.1016/j.geb.2016.06.013</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.geb.2016.06.013" target="_blank" >10.1016/j.geb.2016.06.013</a>
Alternative languages
Result language
angličtina
Original language name
Markovian equilibria in dynamic spatial legislative bargaining: existence with three players
Original language description
The paper proves, by construction, the existence of Markovian equilibria in a dynamic spatial legislative bargaining model. Three players bargain over one-dimensional policies in an infinite horizon. In each period, a sequential protocol of proposal-making and voting, with random proposer recognitions and a simple majority, produces a policy that becomes the next period's status-quo. An equilibrium exists for any profile of proposer recognition probabilities, any profile of players' ideal policies, and any discount factor. In equilibrium, policies converge to the median's ideal policy, players moderate and propose policies close to the median's ideal in an attempt to constraint future proposers, but the tendency to moderate is a strategic substitute as the opponent of a moderating player does not moderate.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Games and Economic Behavior
ISSN
0899-8256
e-ISSN
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Volume of the periodical
98
Issue of the periodical within the volume
July
Country of publishing house
US - UNITED STATES
Number of pages
8
Pages from-to
235-242
UT code for WoS article
000381955100014
EID of the result in the Scopus database
2-s2.0-84978230436