A Note on Agenda Restrictions in Multi-Issue Bargaining
We study the effects of a between-cake discount factor in the agenda selection problem faced by a multi-issue committee. The presence of an interval of time between bargaining stages is a reasonable and realistic assumption. We show that this assumption simplifies the agenda selection problem strongly. In particular, the equilibrium multiplicity obtained in In and Serrano (2002) does not hold: a unique SPE can be established among the sequential bargaining procedures.
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- Muthoo,Abhinay, 1999. "Bargaining Theory with Applications," Cambridge Books, Cambridge University Press, number 9780521576475, December.
- Busch, Lutz-Alexander & Horstmann, Ignatius J, 1997. "Bargaining Frictions, Bargaining Procedures and Implied Costs in Multiple-Issue Bargaining," Economica, London School of Economics and Political Science, vol. 64(256), pages 669-680, November.
- Younghwan In & Roberto Serrano, 2000.
"Agenda Restrictions in Multi-Issue Bargaining,"
2000-08, Brown University, Department of Economics.
- Lang, Kevin & Rosenthal, Robert W, 2001. "Bargaining Piecemeal or All at Once?," Economic Journal, Royal Economic Society, vol. 111(473), pages 526-540, July.
- Francesca Flamini, "undated".
"First Things First? The Agenda Formation Problem for Multi-issue Committees,"
2001_19, Business School - Economics, University of Glasgow.
- Flamini, Francesca, 2007. "First things first? The agenda formation problem for multi-issue committees," Journal of Economic Behavior & Organization, Elsevier, vol. 63(1), pages 138-157, May.
- Younghwan In & Roberto Serrano, 2002.
"Agenda Restrictions in Multi-Issue Bargaining (II): Unrestricted Agendas,"
Departmental Working Papers
wp0206, National University of Singapore, Department of Economics.
- In, Younghwan & Serrano, Roberto, 2003. "Agenda restrictions in multi-issue bargaining (II): unrestricted agendas," Economics Letters, Elsevier, vol. 79(3), pages 325-331, June.
- Inderst, Roman, 1998.
"Multi-Issue Bargaining with Endogenous Agenda,"
Sonderforschungsbereich 504 Publications
98-35, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Muthoo Abhinay, 1995. "Bargaining in a Long-Term Relationship with Endogenous Termination," Journal of Economic Theory, Elsevier, vol. 66(2), pages 590-598, August.
- Lutz-Alexander Busch & Ignatius Horstmann, 1999. "Endogenous Incomplete Contracts: A Bargaining Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 956-975, August.
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