Strategic Effects and Incentives in Multi-issue Bargaining Games
AbstractThe focus of the paper is on issue-by-issue bargaining procedures in which parties are allowed to differ not only in their valuations of the issues but also in their rates of time-preference. We show that the interplay of the forces in the bargaining game is complex and standard assumptions in the literature, such as a common discount factor, can be strong. We investigate the SPE of the game when the order of the issues can be changed and show that parties can have the same preferences over agendas when they both agree over the importance of an issue or when they disagree (if corner solutions are allowed and/or there is a difficult/urgent issue).
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Business School - Economics, University of Glasgow in its series Working Papers with number 2005_5.
Date of creation:
Date of revision:
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-06-27 (All new papers)
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.:
- Ariel Rubinstein, 2010.
"Perfect Equilibrium in a Bargaining Model,"
Levine's Working Paper Archive
252, David K. Levine.
- Muthoo,Abhinay, 1999. "Bargaining Theory with Applications," Cambridge Books, Cambridge University Press, number 9780521576475, April.
- 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.
- Abhinay Muthoo, .
"Bargaining in a Long-Term Relationbship with Endogenous Termination,"
Economics Discussion Papers
422, University of Essex, Department of Economics.
- Muthoo Abhinay, 1995. "Bargaining in a Long-Term Relationship with Endogenous Termination," Journal of Economic Theory, Elsevier, vol. 66(2), pages 590-598, August.
- Inderst, Roman, 1998.
"Multi-Issue Bargaining with Endogenous Agenda,"
Sonderforschungsbereich 504 Publications
98-35, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
- 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.
- In, Younghwan & Serrano, Roberto, 2003.
"Agenda restrictions in multi-issue bargaining (II): unrestricted agendas,"
Elsevier, vol. 79(3), pages 325-331, June.
- Younghwan In & Roberto Serrano, 2002. "Agenda Restrictions in Multi-Issue Bargaining (II): Unrestricted Agendas," Departmental Working Papers wp0206, National University of Singapore, Department of Economics.
- Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
- Lutz-Alexander Busch & Ignatius Horstmann, 1999. "Endogenous Incomplete Contracts: A Bargaining Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 956-975, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jeanette Findlay).
If references are entirely missing, you can add them using this form.