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A One-Period Version of Rubinstein's Bargaining Game

Author

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  • Evans Robert

    (St John’s College, Cambridge, UK)

Abstract

A one-period, simultaneous-offers bargaining game is analyzed in which, for each player, there is a small probability that his or her proposal will not reach the other player. The unique pure strategy equilibrium offers are identical to those of the Rubinstein (1982) infinite-horizon, alternating-offers bargaining game. This provides a novel interpretation of Rubinstein's result, as well as a new non-cooperative implementation of the Nash Bargaining Solution.

Suggested Citation

  • Evans Robert, 2003. "A One-Period Version of Rubinstein's Bargaining Game," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 3(1), pages 1-8, January.
    • Handle: RePEc:bpj:bejtec:v:contributions.3:y:2003:i:1:n:2
    DOI: 10.2202/1534-5971.1066
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    References listed on IDEAS

    as
    1. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
    2. 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.
    3. Aumann, Robert J & Kurz, Mordecai, 1977. "Power and Taxes," Econometrica, Econometric Society, vol. 45(5), pages 1137-1161, July.
    4. Carlsson, Hans, 1991. "A Bargaining Model Where Parties Make Errors," Econometrica, Econometric Society, vol. 59(5), pages 1487-1496, September.
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    Cited by:

    1. Zhongwei Feng & Chunqiao Tan & Jinchun Zhang & Qiang Zeng, 2021. "Bargaining Game with Altruistic and Spiteful Preferences," Group Decision and Negotiation, Springer, vol. 30(2), pages 277-300, April.
    2. Geoffroy de Clippel & Jack Fanning & Kareen Rozen, 2022. "Bargaining over Contingent Contracts under Incomplete Information," American Economic Review, American Economic Association, vol. 112(5), pages 1522-1554, May.

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