AN n-PERSON RUBINSTEIN BARGAINING GAME-Reference-Cited by-同舟云学术

AN n-PERSON RUBINSTEIN BARGAINING GAME

Published:2009-03 Issue:01 Volume:11 Page:111-115
ISSN:0219-1989
Container-title:International Game Theory Review
language:en
Short-container-title:Int. Game Theory Rev.

Author:

TORSTENSSON PÄR¹

Affiliation:

1. SVERIGES RIKSBANK, Policy and Analysis Division, Financial Stability Department, SE-103 37, Stockholm, Sweden

Abstract

When Herrero (1985) extends Rubinstein's (1982) alternating-offers bargaining model to the case of three or more players any agreement can be supported as a subgame perfect equilibrium (SPE) outcome, given a sufficiently large discount factor. We show that this is not the case when players demand shares for themselves instead of proposing agreements to each other. Although it is possible to rule out agreements, the majority remains to be SPE outcomes.

Publisher

World Scientific Pub Co Pte Lt

Subject

Statistics, Probability and Uncertainty,Business and International Management,General Computer Science

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0219198909002170

Reference17 articles.

1. A unique solution to n-person sequential bargaining

2. Inefficient Markov perfect equilibria in multilateral bargaining

3. A note on three-player noncooperative bargaining with restricted pairwise meetings

4. The unique perfect equilibrium of an n-person bargaining game

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