A bargaining model of collective choice

Citation
Js. Banks et J. Duggan, A bargaining model of collective choice, AM POLI SCI, 94(1), 2000, pp. 73-88
Citations number
77
Categorie Soggetti
Politucal Science & public Administration
Journal title
AMERICAN POLITICAL SCIENCE REVIEW
ISSN journal
00030554 → ACNP
Volume
94
Issue
1
Year of publication
2000
Pages
73 - 88
Database
ISI
SICI code
0003-0554(200003)94:1<73:ABMOCC>2.0.ZU;2-8
Abstract
We provide a general theory of collective decision making one that relates social choices to the strategic incentives of individuals, by generalizing the Baron-Ferejohn (1989) model of bargaining to the multidimensional spati al model. We prove existence of stationary equilibria upper hemicontinuity of equilibrium outcomes in structural and preference parameters, and equiva lence of equilibrium outcomes and the cove in certain environments, includi ng the one-dimensional case. The model generates equilibrium predictions ev en when the cope is empty, and it yields a "continuous" generalization of t he core in some familiar environments in which the core is nonempty. As the description of institutional detail in the model is sparse, it applies to collective choice in relatively unstructured settings and provides a benchm ark for the general analysis of legislative and parliamentary politics.