On the efficiency of equilibria in a legislative bargaining model with particularistic and collective goods

B-Tier
Journal: Public Choice
Year: 2014
Volume: 161
Issue: 3
Pages: 345-366

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

This study analyzes the efficiency of equilibria in a multilateral bargaining game in which a legislature divides its budget among collective and particularistic goods. In order to disentangle the causes of inefficiency, we extend the model of Volden and Wiseman (Am Polit Sci Rev 101:79–92, 2007 ) by considering quasi-linear utility functions, and consensus requirements ranging from simple majority to unanimity. Although unanimous agreements can be reached under weaker consensus requirements, we show that (Pareto) inefficiency is associated with non-unanimous consent. We also study how (i) the endogenous selection of the legislature’s size or (ii) a sequential choice of collective and particularistic spending eliminates or attenuates the inefficiency problem. Copyright Springer Science+Business Media New York 2014

Technical Details

RePEc Handle
repec:kap:pubcho:v:161:y:2014:i:3:p:345-366
Journal Field
Public
Author Count
2
Added to Database
2026-01-25