A model of protocoalition bargaining with breakdown probability
This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form. We sh...
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| Format: | Article |
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Multidisciplinary Digital Publishing Institute
2015
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| Online Access: | https://eprints.nottingham.ac.uk/29066/ |
| _version_ | 1848793708039766016 |
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| author | Montero, Maria |
| author_facet | Montero, Maria |
| author_sort | Montero, Maria |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form. We show that agreement is immediate in equilibrium, and the proposer advantage disappears as the breakdown probability goes to zero. We then turn to the special case of apex games and explore the consequences of varying the probabilities that govern the selection of formateurs and proposers. Letting the breakdown probability go to zero, most of the probabilities considered lead to the same ex post pay-off division. Ex ante expected pay-offs may follow a counterintuitive pattern: as the bargaining power of weak players within a protocoalition increases, the weak players may expect a lower pay-off ex ante. |
| first_indexed | 2025-11-14T19:04:35Z |
| format | Article |
| id | nottingham-29066 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:04:35Z |
| publishDate | 2015 |
| publisher | Multidisciplinary Digital Publishing Institute |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-290662020-05-04T17:06:12Z https://eprints.nottingham.ac.uk/29066/ A model of protocoalition bargaining with breakdown probability Montero, Maria This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form. We show that agreement is immediate in equilibrium, and the proposer advantage disappears as the breakdown probability goes to zero. We then turn to the special case of apex games and explore the consequences of varying the probabilities that govern the selection of formateurs and proposers. Letting the breakdown probability go to zero, most of the probabilities considered lead to the same ex post pay-off division. Ex ante expected pay-offs may follow a counterintuitive pattern: as the bargaining power of weak players within a protocoalition increases, the weak players may expect a lower pay-off ex ante. Multidisciplinary Digital Publishing Institute 2015-04-22 Article PeerReviewed Montero, Maria (2015) A model of protocoalition bargaining with breakdown probability. Games, 6 (2). pp. 39-56. ISSN 2073-4336 coalition formation; legislative bargaining; apex games http://www.mdpi.com/2073-4336/6/2/39 doi:10.3390/g6020039 doi:10.3390/g6020039 |
| spellingShingle | coalition formation; legislative bargaining; apex games Montero, Maria A model of protocoalition bargaining with breakdown probability |
| title | A model of protocoalition bargaining with breakdown probability |
| title_full | A model of protocoalition bargaining with breakdown probability |
| title_fullStr | A model of protocoalition bargaining with breakdown probability |
| title_full_unstemmed | A model of protocoalition bargaining with breakdown probability |
| title_short | A model of protocoalition bargaining with breakdown probability |
| title_sort | model of protocoalition bargaining with breakdown probability |
| topic | coalition formation; legislative bargaining; apex games |
| url | https://eprints.nottingham.ac.uk/29066/ https://eprints.nottingham.ac.uk/29066/ https://eprints.nottingham.ac.uk/29066/ |