Multi-Issue Bargaining with Endogenous Agenda
AbstractThe first part of this paper shows that in a noncooperative bargaining model with alternating offers and time preferences the timing of issues (the agenda) matters even if players become arbitrarily patient. This result rises the question which agenda should come up endogenously when agents bargain over a set of unrelated issues. It is found that simultaneous bargaining over ''packages'' should be a prevailing phenomenon, but we also point to the possibility of multiple equilibria involving even considerable delay.
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Bibliographic InfoPaper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 98-35.
Length: 20 pages
Date of creation: 30 Oct 1998
Date of revision:
Note: Financial Support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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