Congressional Bargaining in Agriculture: Cotton

Barry C. Field

American Journal of Agricultural Economics, 1968, vol. 50, issue 1, 1-12

Abstract: Bargaining among sectional cotton interests in Congress was particularly intense in 1953–54, when a substantial reduction had to be made in the national allotment and then allocated to the various cotton-producing states. Due largely to congressional constraints on committees to achieve some mutually satisfactory aggregation of preferences, this event can be treated as a two-person, mixed-motive bargaining game between eastern and western cotton interests. Through a series of offers and counteroffers, a final solution was reached such that each 1-percent acreage reduction in the east was accompanied by a 2-percent reduction in the west. Furthermore, these final "terms of trade" are the same as were reached in a similar instance of bargaining among cotton interests in 1949, implying some stability in the congressional bargaining process through the course of time.

Date: 1968
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