Changes
Jump to navigation
Jump to search
Baron Ferejohn (1989) - Bargaining In Legislatures (view source)
Revision as of 18:03, 16 September 2011
, 18:03, 16 September 2011→With equilibrium restriction (Stationary Equilibrium): Exactly the same as Closed/Finite
However, this is unsatisfactory as it requires a complete history at all points (which is unrealistic if <math>\delta\,</math> is a reelection probability and new members can't know the history), and if a member were indifferent between enforcing and not, it is only weakly credible.
====With equilibrium restriction (Stationary Equilibrium): Exactly the same as Closed/Rule +Finite Horizon ====
To restrict the equilibrium space the paper considers '''Stationary Equilibrium'''.
