Monday Theory Workshop
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Monday Theory Workshop


Mondays, 12:00-1:00PM

School of Economics, UNSW Sydney



For more information about MTW, contact Juan Carlos Carbajal at jc.carbajal@unsw.edu.au

Coming seminar

April 27
12:00 - 1:00

Meeting ID: 91463566350

Barton Lee

UNSW


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Gridlock, Leverage, and Policy Bundling

We consider a dynamic model of bargaining where alternatives to the status-quo arrive stochastically during the bargaining process, the agenda-setter can bundle multiple alternatives into a single proposal, and a forward-looking voter elects the agenda-setter. We show that the conventional wisdom that policy bundling reduces gridlock — by facilitating compromise across different policy areas — is incomplete; policy bundling can also increase gridlock. A player may veto an alternative that is unanimously preferred to the status-quo so that in the future she can bundle this same alternative with a contentious alternative that otherwise would not pass. This perverse incentive creates an additional source of gridlock and, in equilibrium, we show that gridlock occurs in excess. This state of “excess gridlock” is driven by the voter being forward-looking and lacking commitment power to punish vetoers.

Zoom meeting

Website: https://www.bartonelee.com


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March
2

Patrick Beissner
ANU


On the Commodification of Information: An Exploratory Pre-Bayesian Formulation



Personal website
March
16

Ningyi
Sun

UNSW


A Linear Programming Approach to Multi-dimensional Mechanism Design with Many Buyers

Personal website
March
30

Ronald Peeters
Otago U


Supporting Cooperation via Agreement Equilibrium


Download paper


Personal website

April
27

Barton
Lee
UNSW


Gridlock, Leverage, and Policy Bundling


Personal website
May
18

Luis Vasconcelos
UTS- Cancelled


Rulebooks in Relational Contracts


Download paper

Personal website
May
25

Gautam Bose
UNSW




Personal website



The MTW is organized by Juan Carlos Carbajal

and the Theory Group at School of Economics,


UNSW Sydney.



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