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Baron Ferejohn (1989) - Bargaining In Legislatures (view source)
Revision as of 18:50, 20 February 2011
, 18:50, 20 February 2011→Closed Rule - Two Sessions
As the game ends after period two, the continuation value is zero.
:<math>v_i(21,g) = \frac{1}{n}\,</math>
#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===
