A Note on Bargaining over Complementary Pieces of Information in Networks
AbstractWe consider two specific network structures, the star and the line, and study the set of bilateral alternating-offers bargaining procedures for the pairs of connected agents. Agents have complementary information and bargain over the relative price of their pieces of information. We characterize the unique subgame perfect equilibrium outcome for each of these network structures.
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Bibliographic InfoPaper provided by CIDE, Division de Economia in its series Documentos de Trabajo with number DTE 504.
Length: 19 pages
Date of creation: Apr 2011
Date of revision:
Bargaining; Information; Networks;
Other versions of this item:
- Kaniska Dam & Antonio Jimenez-Martinez, 2012. "A note on bargaining over complementary pieces of information in networks," Economics Bulletin, AccessEcon, vol. 32(4), pages 3098-3110.
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Polanski, Arnold, 2007. "A decentralized model of information pricing in networks," Journal of Economic Theory, Elsevier, vol. 136(1), pages 497-512, September.
- Ariel Rubinstein, 2010.
"Perfect Equilibrium in a Bargaining Model,"
Levine's Working Paper Archive
252, David K. Levine.
- Corominas-Bosch, Margarida, 2004. "Bargaining in a network of buyers and sellers," Journal of Economic Theory, Elsevier, vol. 115(1), pages 35-77, March.
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