Fully absorbing dynamic compromise

A-Tier
Journal: Journal of Economic Theory
Year: 2014
Volume: 152
Issue: C
Pages: 92-104

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I consider a repeated divide-the-dollar voting model with rejections leading to the implementation of the previous period's allocation (see Kalandrakis [14]). I show that if proposals can be non-exhaustive, then equal division can be achieved as an absorbing steady state from any initial allocation given a large enough discount factor as a part of a Markov Perfect equilibrium. This result is robust to changes in voting thresholds and persistence in proposal power outside of unanimity or total persistence.

Technical Details

RePEc Handle
repec:eee:jetheo:v:152:y:2014:i:c:p:92-104
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29