Dominance solvability of dynamic bargaining games
AbstractA new game theoretic analysis of finite horizon, complete information bargaining is advanced. The extensive form reflects an attempt to model unstructured negotiations, in which the negotiants can gain no artificial advantage from the details of the bargaining protocol. Conditions are identified under which the game is dominance solvable in the sense that iterative deletion of weakly dominated strategies selects a unique outcome. These conditions serve to preclude embedded static bargaining problems of the sort that have historically been deemed indeterminate, thereby ensuring that the dynamic problems analyzed will be resolvable without imposing any particular static theory.
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 43 (2010)
Issue (Month): 3 (June)
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Web page: http://link.springer.de/link/service/journals/00199/index.htm
Other versions of this item:
- Christopher J. Tyson, 2004. "Iterative Dominance and Sequential Bargaining," Economics Papers 2004-W23, Economics Group, Nuffield College, University of Oxford.
- Christopher J. Tyson, 2009. "Dominance Solvability of Dynamic Bargaining Games," Working Papers 644, Queen Mary, University of London, School of Economics and Finance.
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
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