Bargaining one-dimensional social choices

• 成果类型: Article
• 署名作者: Cardona, Daniel; Ponsati, Clara
• 署名单位: Universitat de les Illes Balears; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE)
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2006.12.001
• 发表日期: 2007
• 页码: 627-651
• 关键词: Bargaining; voting; qualified majority; one-dimensional policies; single-peaked preferences; public good location

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.