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Multilateral negotiations with private side-deals: a multiplicity example

  • Roberto Serrano


    (Brown University)

  • Sandeep Baliga


    (Northwestern University and Institute for Advanced Study)

We study a multilateral negotiation procedure that allows for "partial agreements" in which responders are told only their own shares. Applications of our model include negotiations under "joint and several liability." Unlike previous models of multilateral bargaining with exit, we find that there are multiple equilibrium outcomes.

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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 3 (2001)
Issue (Month): 1 ()
Pages: 1-7

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Handle: RePEc:ebl:ecbull:eb-01c70003
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  1. VANNETELBOSCH, Vincent J., 1996. "Rationalizability and Equilibrium in N-Person Sequential Bargaining," CORE Discussion Papers 1996041, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 252, David K. Levine.
  3. Baliga, S. & Serrano, R., 1993. "Multilateral Bargaining With Imperfect Information," Papers 193, Cambridge - Risk, Information & Quantity Signals.
  4. Baliga, S. & Serrano, R., 1995. "Negotiations with Side-Deals," Cambridge Working Papers in Economics 9510, Faculty of Economics, University of Cambridge.
  5. Krishna, Vijay & Serrano, Roberto, 1996. "Multilateral Bargaining," Review of Economic Studies, Wiley Blackwell, vol. 63(1), pages 61-80, January.
  6. Haller, Hans, 1986. "Non-cooperative bargaining of N [ges] 3 players," Economics Letters, Elsevier, vol. 22(1), pages 11-13.
  7. Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
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