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Fallback Bargaining

Author

Listed:
  • Brams, S.J.
  • Kilgour, D.M.

Abstract

Fallback bargaining is a bargaining procedure under which bargainers begin by indicating their preference rankings over all alternatives. They then fall back, in lockstep, to less and less preferred alternatives - starting with first choices, then adding second choices, and so on - until an alternative is found on which all bargainers agree. This common agreement, which becomes the outcome of the procedure, may be different if a decision rule other than unanimity is used.

Suggested Citation

  • Brams, S.J. & Kilgour, D.M., 1998. "Fallback Bargaining," Working Papers 98-10, C.V. Starr Center for Applied Economics, New York University.
    • Handle: RePEc:cvs:starer:98-10
    as

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    References listed on IDEAS

    as
    1. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    2. Steven J. Brams & Ann E. Doherty, 1993. "Intransigence in Negotiations," Journal of Conflict Resolution, Peace Science Society (International), vol. 37(4), pages 692-708, December.
    3. Satterthwaite, Mark Allen, 1975. "Strategy-proofness and Arrow's conditions: Existence and correspondence theorems for voting procedures and social welfare functions," Journal of Economic Theory, Elsevier, vol. 10(2), pages 187-217, April.
    4. Brams,Steven J. & Taylor,Alan D., 1996. "Fair Division," Cambridge Books, Cambridge University Press, number 9780521556446.
    5. Brams, Steven J. & Fishburn, Peter C., 1978. "Approval Voting," American Political Science Review, Cambridge University Press, vol. 72(3), pages 831-847, September.
    6. Richard F. Potthoff & Steven J. Brams, 1998. "Proportional Representation," Journal of Theoretical Politics, , vol. 10(2), pages 147-178, April.
    7. Bilge Yilmaz & Murat R. Sertel, 1999. "The majoritarian compromise is majoritarian-optimal and subgame-perfect implementable," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(4), pages 615-627.
    8. Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
    9. Leonid Hurwicz, 1996. "Institutions As Families Of Game Forms," The Japanese Economic Review, Japanese Economic Association, vol. 47(2), pages 113-132, June.
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    Citations

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    Cited by:

    1. Fabio Galeotti & Maria Montero & Anders Poulsen, 2022. "The Attraction and Compromise Effects in Bargaining: Experimental Evidence," Management Science, INFORMS, vol. 68(4), pages 2987-3007, April.
    2. Steven Brams & D. Kilgour, 2013. "Kingmakers and leaders in coalition formation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(1), pages 1-18, June.
    3. Ronan Congar & Vincent Merlin, 2012. "A characterization of the maximin rule in the context of voting," Theory and Decision, Springer, vol. 72(1), pages 131-147, January.
    4. , & ,, 2012. "Reason-based choice: a bargaining rationale for the attraction and compromise effects," Theoretical Economics, Econometric Society, vol. 7(1), January.
    5. Bonifacio Llamazares & Teresa Peña, 2015. "Positional Voting Systems Generated by Cumulative Standings Functions," Group Decision and Negotiation, Springer, vol. 24(5), pages 777-801, September.
    6. Aleksei Yu. Kondratev & Alexander S. Nesterov, 2018. "Measuring Majority Tyranny: Axiomatic Approach," HSE Working papers WP BRP 194/EC/2018, National Research University Higher School of Economics.
    7. Majid Sheikhmohammady & D. Marc Kilgour & Keith W. Hipel, 2010. "Modeling the Caspian Sea Negotiations," Group Decision and Negotiation, Springer, vol. 19(2), pages 149-168, March.
    8. Steven Brams & Michael Jones & D. Kilgour, 2005. "Forming stable coalitions: The process matters," Public Choice, Springer, vol. 125(1), pages 67-94, July.
    9. Gilbert Laffond & Jean Lainé, 2012. "Searching for a Compromise in Multiple Referendum," Group Decision and Negotiation, Springer, vol. 21(4), pages 551-569, July.
    10. İpek Özkal-Sanver & M. Remzi Sanver, 2004. "Efficiency in the Degree of Compromise: A New Axiom for Social Choice," Group Decision and Negotiation, Springer, vol. 13(4), pages 375-380, July.
    11. Kaveh Madani & Majid Sheikhmohammady & Soroush Mokhtari & Mojtaba Moradi & Petros Xanthopoulos, 2014. "Social Planner’s Solution for the Caspian Sea Conflict," Group Decision and Negotiation, Springer, vol. 23(3), pages 579-596, May.
    12. Majid Sheikhmohammady & Keith W. Hipel & D. Marc Kilgour, 2012. "Formal Analysis of Multilateral Negotiations Over the Legal Status of the Caspian Sea," Group Decision and Negotiation, Springer, vol. 21(3), pages 305-329, May.
    13. Brañas-Garza, Pablo & Espinosa, María Paz & Giritligil, Ayca E., 2022. "On the transmission of democratic values," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 885-896.
    14. John Conley & Simon Wilkie, 2012. "The ordinal egalitarian bargaining solution for finite choice sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(1), pages 23-42, January.

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    More about this item

    Keywords

    BARGAINING ; SOCIAL CHOICE ; NASH EQUILIBRIUM;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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