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Baron Ferejohn (1989) - Bargaining In Legislatures (view source)
Revision as of 21:35, 18 May 2010
, 21:35, 18 May 2010no edit summary
*This page is referenced in [[BPP Field Exam Papers]]
==Reference(s)==
Baron, D. and J. Ferejohn (1989), Bargaining in Legislatures, American Political Science Review 83 (December), 1181. [http://www.edegan.com/pdfs/Baron%20Ferejohn%20(1989)%20-%20Bargaining%20in%20Legislatures.pdf pdf]
==Abstract==
#A recognised member will choose to share with the members with the lowest continuation values, and the member with the highest probability will have the lowest ex-ante value for the game.
#The SPNE doesn't say who should be choosen to share with, and can randomize. Randomization provides a stationary symmetric solution.
===Closed Rule - Infinite Sessions===
