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A note on bargaining over complementary pieces of information in networks

  • Kaniska Dam

    ()

    (Centro de Investigacion y Docencia Economicas)

  • Antonio Jimenez-Martinez

    ()

    (Centro de Investigacion y Docencia Economicas)

We consider two specific network structures, the star and the line, and study the set of bilateral alternating-offers bargaining processes for the pairs of linked agents. Agents have complementary information, bargain simultaneously over the price of their pieces of information, and benefit from their exchanges only after they finish all their negotiation processes. We propose meaningful distributions of the initial bargaining power of the agents according to the restrictions to negotiation imposed by the network, and study the resulting equilibrium prices and payoffs.

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File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I4-P297.pdf
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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 32 (2012)
Issue (Month): 4 ()
Pages: 3098-3110

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Handle: RePEc:ebl:ecbull:eb-11-00875
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  1. Jeanne Hagenbach & Frédéric Koessler, 2009. "Strategic Communication Networks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00367692, HAL.
  2. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
  3. Corominas-Bosch, Margarida, 2004. "Bargaining in a network of buyers and sellers," Journal of Economic Theory, Elsevier, vol. 115(1), pages 35-77, March.
  4. Abreu, Dilip & Manea, Mihai, 2012. "Bargaining and efficiency in networks," Journal of Economic Theory, Elsevier, vol. 147(1), pages 43-70.
  5. Polanski, Arnold, 2007. "A decentralized model of information pricing in networks," Journal of Economic Theory, Elsevier, vol. 136(1), pages 497-512, September.
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