Publication
Aug 2001
This paper analyzes a three-player majority rule bargaining game with a recurring decision over a distributive policy space and an endogenous reversion point. The author provides a characterization of a Markov Perfect Nash equilibrium for this dynamic game, where players condition their strategies only on previous period's decision. The author also studies the properties of the Markov process on policy outcomes induced by this equilibrium.
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English (PDF, 29 pages, 407 KB) |
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Author | Tasos Kalandrakis |
Series | Leitner Program Working Papers |
Issue | 23 |
Publisher | Leitner Program in International & Comparative Political Economy |
Copyright | © 2001 Leitner Program |