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On The Neutrality Of Coalition Formation In A Pure Bargaining Problem

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  • HARUO IMAI
  • NAOKI WATANABE

Abstract

We consider the sequential bargaining game à la Stahl–Binmore–Rubinstein with random proposers, juxtaposing an ex ante coalition formation stage to their bargaining game. On the basis of the expected outcomes in the negotiation over how to split a dollar, players can form coalitions in a sequential manner, within each of which they can redistribute their payoffs. It turns out that the grand coalition does form, and that each player receives his discounted expected payoff, which is obtained by playing as a single player in the negotiation, although there could be many equilibria in the bargaining stage.

Suggested Citation

  • Haruo Imai & Naoki Watanabe, 2005. "On The Neutrality Of Coalition Formation In A Pure Bargaining Problem," The Japanese Economic Review, Japanese Economic Association, vol. 56(3), pages 352-362, September.
    • Handle: RePEc:bla:jecrev:v:56:y:2005:i:3:p:352-362
    DOI: 10.1111/j.1468-5876.2005.00334.x
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    References listed on IDEAS

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    1. Suchan Chae & Hervé Moulin, 2010. "Bargaining among groups: an axiomatic viewpoint," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(1), pages 71-88, March.
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    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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