Multilateral non-cooperative bargaining in a general utility space
AbstractWe consider an n-player bargaining problem where the utility possibility set is compact, convex, and stricly comprehensive. We show that a stationary subgame perfect Nash equilibrium exists, and that, if the Pareto surface is differentiable, all such equilibria converge to the Nash bargaining solution as the length of a time period between offers goes to zero. Without the differentiability assumption, convergence need not hold.
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Bibliographic InfoArticle provided by Springer in its journal International Journal of Game Theory.
Volume (Year): 39 (2010)
Issue (Month): 4 (October)
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Web page: http://link.springer.de/link/service/journals/00182/index.htm
Other versions of this item:
- Hannu Vartiainen & Klaus Kultti, 2007. "Multilateral Non-Cooperative Bargaining in a General Utility Space," Discussion Papers 19, Aboa Centre for Economics.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D7 - Microeconomics - - Analysis of Collective Decision-Making
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