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Multi-Agent Bilateral Bargaining with Endogenous Protocol

Author

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  • Sang-Chul Suh

    (Department of Economics, University of Windsor)

  • Quan Wen

    (Department of Economics, Vanderbilt University)

Abstract

This paper measures the housing market impact of state-level anti-discrimination laws in the 1960s using household-level and census-tract data. State-level "fair-housing" laws attempted to bar discrimination on the basis of race, religion, and national origin in the sale, rental, and financing of housing, and they were the direct antecedents of the federal Fair Housing Act of 1968. Their influence on the housing market outcomes of African Americans has not been assessed in previous work by economists, but policy variation across states during the 1960s provides an opportunity to pursue such estimates. During the 1960s, blacks' housing market outcomes improved relative to whites', and the proportion of exclusively white census tracts declined markedly. But I find little evidence that the fair-housing laws contributed to those changes. Rather, the bulk of the evidence indicates that the laws' effects on blacks' housing market outcomes, on residential segregation, and on the value of property in predominantly nonwhite neighborhoods were negligible.

Suggested Citation

  • Sang-Chul Suh & Quan Wen, 2003. "Multi-Agent Bilateral Bargaining with Endogenous Protocol," Vanderbilt University Department of Economics Working Papers 0305, Vanderbilt University Department of Economics.
    • Handle: RePEc:van:wpaper:0305
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    References listed on IDEAS

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    Cited by:

    1. Suh, Sang-Chul & Wen, Quan, 2006. "Multi-agent bilateral bargaining and the Nash bargaining solution," Journal of Mathematical Economics, Elsevier, vol. 42(1), pages 61-73, February.
    2. Edwin L.-C. Lai, 2008. "The most-favored nation rule in club enlargement negotiation," Working Papers 0815, Federal Reserve Bank of Dallas.
    3. Pär Torstensson, 2009. "ANn-PERSON RUBINSTEIN BARGAINING GAME," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 111-115.
    4. Yi-Chun Chen & Xiao Luo, 2008. "Delay in a bargaining game with contracts," Theory and Decision, Springer, vol. 65(4), pages 339-353, December.

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    More about this item

    Keywords

    Multilateral bargaining; subgame perfect equilibrium;

    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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