Legislative and Multilateral Bargaining

Abstract:

This survey of the theoretical literature on legislative and multilateral bargaining begins with the seminal work of Baron & Ferejohn (1989). The survey then encompasses the extensions to bargaining among asymmetric players in terms of bargaining power, voting weights, and time and risk preferences; spatial bargaining; bargaining over a stochastic surplus; bargaining over public goods; legislative bargaining with alternative bargaining protocols in which players make demands, compete for recognition, or make counter-proposals; and legislative bargaining with cheap talk communication.