Uncertainty and ratification failure
Kıbrıs, Arzu (2012) Uncertainty and ratification failure. Public Choice, 150 (3-4). pp. 439-467. ISSN 0048-5829 (Print) 1573-7101 (Online)
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Official URL: http://dx.doi.org/10.1007/s11127-010-9710-x
I study a game where two agents bargain on an agreement to replace the status quo. For their agreement to come into e¤ect, they need the approval of a third agent. The preferences of this third agent is private information, but there is communication among agents. I study this game in the context of international agreements to provide an explanation for involuntary rati cation failures. I show that under certain assumptions, the informational de ciency is incurable due to incentives to misrepresent preferences, and that a parliament whose majority is more hawkish than their executive prefers the executive to be risk averse.
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