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Multiperiod Multitrade Bargaining

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  • Hyung Bae

    (Dongguk University)

Abstract

Recently, Bae ("Multitrade Bargaining," Journal of Economic Theory, 1991) developed a model of multitrade bargaining games in which the object of bargaining can be traded repeatedly, and distinguished the contract bargaining game (CBG) in which one contract is made at most, and the repeated bargaining game (RBG) in which contracts can be made in each period. He showed that the two-period CBG and RBG are equivalent in the sense that each player's payoff and the sequence of trades made are identical in the equilibria of the two games. We derive conditions under which the n-period CBG and RBG are equivalent.

Suggested Citation

  • Hyung Bae, 1990. "Multiperiod Multitrade Bargaining," Korean Economic Review, Korean Economic Association, vol. 6(2), pages 5-18.
    • Handle: RePEc:kea:keappr:ker-199012-6-2-01
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