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Noncooperative Model of Collective Decision Making: Multi-Lateral Bargaining Approach, A

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  • Gordon C. Rausser
  • Leo K. Simon

Abstract

This paper proposes a noncooperative model of multilateral bargaining. The model can be viewed as an extension of the famous Stahl-Rubinstein bargaining game. Two players take turns proposing a division of a "pie." After one player has proposed a division, the other can accept or reject the proposal. If the proposal is accepted, the game ends and the division is adopted; if it is rejected, the second player then makes a proposal, which the first player then accepts or rejects. And so on. In Stahl's formulation, the game continues for a finite number of rounds; in Rubinstein's extension, the number of rounds is infinite. We propose a generalization of this model to incorporate multiple players and multidimensional issue spaces. We consider a sequence of games with infinite bargaining horizons, and study the limit points of the equilibrium outcomes as the horizon is extended without bound. A novel feature of our model is that the proposer is chosen randomly "by nature" in each round or bargaining, according to a prespecified vector of strictly positive "access probabilities."

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Bibliographic Info

Paper provided by Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University in its series Food and Agricultural Policy Research Institute (FAPRI) Publications with number 90-gatt22.

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Date of creation: Jan 1992
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Handle: RePEc:ias:fpaper:90-gatt22

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Cited by:
  1. Harold Houba, 2006. "Computing Alternating Offers and Water Prices in Bilateral River Basin Management," Tinbergen Institute Discussion Papers 06-095/1, Tinbergen Institute.
  2. Carlo Carraro & Carmen Marchiori & Alessandra Sgobbi, 2006. "Applications of negotiation theory to water issues," Working Papers 2006_09Classification-JEL, Department of Economics, University of Venice "Ca' Foscari".
  3. Alessandra Sgobbi & Carlo Carraro, 2007. "Modelling Negotiated Decision Making: a Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty," Working Papers 2007.81, Fondazione Eni Enrico Mattei.
  4. Leo K. Simon & Sophie Thoyer & Sylvie Morardet & Rachael E. Goodhue & Patrick Rio & Gordon C. Rausser, 2006. "Structure and bargaining power in multilateral negotiations : Application to water management policies in France," Working Papers 06-09, LAMETA, Universtiy of Montpellier, revised Oct 2006.

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