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Best Agendas in Multi-Issue Bargaining

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Author Info
Francesca Flamini (University of Glasgow)

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Abstract

We study the agenda selection problem faced by a multi-issue committee when there can be (small) delays between the negotiations of different issues. We show that the presence of these delays affects the interplay of the forces in the bargaining game and solves the indeterminacy of equilibria. In particular, a unique SPE can be established among sequential bargaining procedures. In equilibrium, players discuss the most important issue first.

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Publisher Info
Article provided by Berkeley Electronic Press in its journal Topics in Theoretical Economics.

Volume (Year): 7 (2007)
Issue (Month): 1 ()
Pages: 1368-1368
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Handle: RePEc:bep:thetop:v:7:y:2007:i:1:p:1368-1368

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Related research
Keywords: bargaining agenda subgame perfect equilibrium

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

References listed on IDEAS
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  1. In, Younghwan & Serrano, Roberto, 2004. "Agenda restrictions in multi-issue bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 53(3), pages 385-399, March. [Downloadable!] (restricted)
    Other versions:
  2. Inderst, Roman, 2000. "Multi-issue Bargaining with Endogenous Agenda," Games and Economic Behavior, Elsevier, vol. 30(1), pages 64-82, January. [Downloadable!] (restricted)
  3. Muthoo Abhinay, 1995. "Bargaining in a Long-Term Relationship with Endogenous Termination," Journal of Economic Theory, Elsevier, vol. 66(2), pages 590-598, August. [Downloadable!] (restricted)
    Other versions:
  4. Lutz-Alexander Busch & Ignatius Horstmann, 1999. "Endogenous Incomplete Contracts: A Bargaining Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 956-975, August. [Downloadable!] (restricted)
  5. Francesca Flamini, . "First Things First? The Agenda Formation Problem for Multi-issue Committees," Working Papers 2001_19, Department of Economics, University of Glasgow. [Downloadable!]
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  6. Fershtman, Chaim, 1990. "The importance of the agenda in bargaining," Games and Economic Behavior, Elsevier, vol. 2(3), pages 224-238, September. [Downloadable!] (restricted)
  7. Lang, Kevin & Rosenthal, Robert W, 2001. "Bargaining Piecemeal or All at Once?," Economic Journal, Royal Economic Society, vol. 111(473), pages 526-40, July. [Downloadable!] (restricted)
  8. Busch, Lutz-Alexander & Horstmann, Ignatius J, 1997. "Bargaining Frictions, Bargaining Procedures and Implied Costs in Multiple-Issue Bargaining," Economica, London School of Economics and Political Science, vol. 64(256), pages 669-80, November. [Downloadable!] (restricted)
  9. In, Younghwan & Serrano, Roberto, 2003. "Agenda restrictions in multi-issue bargaining (II): unrestricted agendas," Economics Letters, Elsevier, vol. 79(3), pages 325-331, June. [Downloadable!] (restricted)
    Other versions:
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