Review of Economic Studies 2026
Open Rule Legislative Bargaining
open access
Abstract
The seminal paper by Baron and Ferejohn (1989) leaves significant gaps in our understanding of open rule bargaining. We aim to fill these gaps by providing a fresh analysis of open rule bargaining. Our approach relies on an appealing class of stationary equilibria. In this class, we show that delays tend to be longer and allocations tend to be less egalitarian than originally predicted by Baron and Ferejohn. Our results shed new light on the efficiency and fairness implications of using an open vs. closed rule in legislatures and of bargaining processes in general.
- DOI
- 10.1093/restud/rdag038
- Language
- en
- Sources
- openalex crossref