A Note on Agenda Restrictions in Multi-Issue Bargaining
AbstractWe study the effects of a between-cake discount factor in the agenda selection problem faced by a multi-issue committee. The presence of an interval of time between bargaining stages is a reasonable and realistic assumption. We show that this assumption simplifies the agenda selection problem strongly. In particular, the equilibrium multiplicity obtained in In and Serrano (2002) does not hold: a unique SPE can be established among the sequential bargaining procedures.
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Bibliographic InfoPaper provided by Business School - Economics, University of Glasgow in its series Working Papers with number 2003_15.
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Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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2001_19, Business School - Economics, University of Glasgow.
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Sonderforschungsbereich 504 Publications
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- Muthoo,Abhinay, 1999. "Bargaining Theory with Applications," Cambridge Books, Cambridge University Press, number 9780521576475, October.
- 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.
- Flamini, Francesca, 2007.
"First things first? The agenda formation problem for multi-issue committees,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 63(1), pages 138-157, May.
- Francesca Flamini, . "First Things First? The Agenda Formation Problem for Multi-issue Committees," Working Papers 2001_19, Business School - Economics, University of Glasgow.
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