EconPapers    
Economics at your fingertips  
 

Bargaining in Standing Committees

Vincent Anesi () and Daniel Seidmann

No 2012-09, Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham

Abstract: Committee voting has mostly been investigated from the perspective of the standard Baron-Ferejohn model of bargaining over the division of a pie, in which bargaining ends as soon as the committee reaches an agreement. In standing committees, however, existing agreements can be amended. This paper studies an extension of the Baron-Ferejohn framework to a model with an evolving default that reflects this important feature of policymaking in standing committees: In each of an infinite number of periods, the ongoing default can be amended to a new policy (which in turn determines the default for the next period). The model provides a number of quite different predictions. In particular: (i) Substantial shares of the pie are wasted each period and the size principle fails in some pure strategy Markov perfect equilibria of non-unanimity games with patient enough players; and (ii) All Markov perfect equilibria are Pareto inefficient when discount factors are heterogenous. However, there is a unique equilibrium outcome in unanimity standing committee games, which coincides with the unique equilibrium outcome of the corresponding Baron-Ferejohn framework.

Keywords: legislative bargaining; endogenous default; efficiency; pork barrel (search for similar items in EconPapers)
Date: 2012-09
New Economics Papers: this item is included in nep-cdm and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed

Downloads: (external link)
https://www.nottingham.ac.uk/cedex/documents/paper ... on-paper-2012-09.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:not:notcdx:2012-09

Access Statistics for this paper

More papers in Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham School of Economics University of Nottingham University Park Nottingham NG7 2RD. Contact information at EDIRC.
Bibliographic data for series maintained by Suzanne Robey ().

 
Page updated 2020-05-28
Handle: RePEc:not:notcdx:2012-09