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Bargaining with Many Players: A Limit Result

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

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Abstract

We provide a simple characterization of the stationary subgame perfect equilibrium of an alternating offers bargaining game when the number of players increases without a limit. Core convergence literature is emulated by increasing the number of players by replication. The limit allocation is interpreted in terms of Walrasian market for being the first proposer.

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Publisher Info
Paper provided by Aboa Centre for Economics in its series Discussion Papers with number 32.

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Length: 15
Date of creation: Jun 2008
Date of revision:
Handle: RePEc:tkk:dpaper:dp32

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Related research
Keywords: non-cooperative bargaining; stationary equilibrium; replication; Walrasian market;

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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References listed on IDEAS
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.:
  1. Ken Binmore & Ariel Rubinstein & Asher Wolinsky, 1986. "The Nash Bargaining Solution in Economic Modelling," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 176-188, Summer. [Downloadable!] (restricted)
  2. Fishburn, Peter C & Rubinstein, Ariel, 1982. "Time Preference," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 23(3), pages 677-94, October. [Downloadable!] (restricted)
  3. Krishna, Vijay & Serrano, Roberto, 1996. "Multilateral Bargaining," Review of Economic Studies, Blackwell Publishing, vol. 63(1), pages 61-80, January. [Downloadable!] (restricted)
  4. repec:bep:thecon:v:7:y:2007:i:1:p:1251-1251 is not listed on IDEAS
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Cited by:
(explanations, 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.)

  1. Hannu Vartiainen, 2008. "A conflict-free arbitration scheme in a large population," Discussion Papers 34, Aboa Centre for Economics. [Downloadable!]
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This page was last updated on 2009-11-10.

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