Changes
Jump to navigation
Jump to search
Groseclose and Snyder (1993) - Buying Supermajorities (view source)
Revision as of 20:04, 7 October 2011
, 20:04, 7 October 2011no edit summary
==AbstractModel Setup==2011 2nd Year exam paper question.* Players: Legislators, vote buyers A and B. * Choice space: <math>(x,s)\in R</math>. * Preferences: Legislators: <math>u_{i}=u_{i}(x)-u_{i}(s)</math>* Game form: A first, b second. Bribe upon commitment to vote. * Information: Complete/perfect. * EQM: SPNE, Pure strategies, tie rule: Vote for last offer. * Because lobbyists are worried about competitors invading coalitions, it is sometimes cheaper to bribe a large majority, possibly including the entire legislature. Rui's points:* Sequence matters, * More than minimum winning coalition* First mover advantage and 2nd mover advantage. * "The proofs are horrendous, you don't need to know those."
