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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- Abhinay Muthoo, .
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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.
- repec:cup:cbooks:9780521576475 is not listed on IDEAS
- Younghwan In & Roberto Serrano, 2000.
"Agenda Restrictions in Multi-Issue Bargaining,"
2000-08, Brown University, Department of Economics.
- 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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