Bargaining set theory and stability in coalition governments |
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Authors: | Norman Schofield |
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Institution: | Department of Economics, University of Essex, Wivenhoe Park, Colchester, Essex, England |
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Abstract: | Various bargaining set theories are compared as predictors of coalition government portfolio distribution. While the kernel and B1-bargaining set are known to exist in voting games with side payments, it is argued that the kernel, and thus B1, are poor predictors. The B2-bargaining set, a subset of B1, when it exists is shown to be a good payoff predictor in a fractionalized and depolarized parliamentary situation (Finland: 1945ndash;1971). Moreover this predictor provides some explanation for the formation of surplus (winning but not minimal) coalitions. |
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Keywords: | Coalition formation kernel bargaining set voting game |
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