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Multilateral Non-Cooperative Bargaining in a General Utility Space

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Author Info
Hannu Vartiainen () (Department of Economics, Turku School of Economics)
Klaus Kultti () (Department of Economics, University of Helsinki)

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Abstract

We consider an n-player bargaining problem where the utility possibility set is compact, convex, and stricly comprehensive. We show that a stationary subgame perfect Nash equilibrium exists, and that, if the Pareto surface is differentiable, all such equilibria converge to the Nash bargaining solution as the length of a time period between offers goes to zero. Without the differentiability assumption, convergence need not hold.

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Publisher Info
Paper provided by Aboa Centre for Economics in its series Discussion Papers with number 19.

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Length: 20
Date of creation: Sep 2007
Date of revision:
Handle: RePEc:tkk:dpaper:dp19

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Related research
Keywords: multilateral; bargaining; general utility set;

Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D7 - Microeconomics - - Analysis of Collective Decision-Making

References listed on IDEAS
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  1. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April. [Downloadable!] (restricted)
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This page was last updated on 2009-11-10.

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