The dynamics of distributive politics

被引:0
|
作者
Marco Battaglini
Thomas R. Palfrey
机构
[1] Princeton University,Department of Economics
[2] California Institute of Technology,Division of the Humanities and Social Sciences
来源
Economic Theory | 2012年 / 49卷
关键词
Dynamic bargaining; Voting; Experiments; Divide-the-dollar; Committees; D71; D72; C78; C92;
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学科分类号
摘要
We study dynamic committee bargaining over an infinite horizon with discounting. In each period, a committee proposal is generated by a random recognition rule, the committee chooses between the proposal and a status quo by majority rule, and the voting outcome in period t becomes the status quo in period t + 1. We study symmetric Markov equilibria of the resulting game and conduct an experiment to test hypotheses generated by the theory for pure distributional (divide-the-dollar) environments. In particular, we investigate the effects of concavity in the utility functions, the existence of a Condorcet winning alternative, and the discount factor (committee “impatience”). We report several new findings. Voting behavior is selfish and myopic. Status quo outcomes have great inertia. There are strong treatment effects that are in the direction predicted by the Markov equilibrium. We find significant evidence of concave utility functions.
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页码:739 / 777
页数:38
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