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Bargaining Order in a Multi-Person Bargaining Game

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  • Jun Xiao

Abstract

This paper studies a complete-information bargaining game with one buyer and multiple sellers of di¤erent ?sizes? or bargaining strengths. The bargaining order is determined by the buyer. If the buyer can commit to a bargaining order, there is a unique subgame perfect equilibrium outcome where the buyer bargains in order of increasing size ? from the smallest to the largest. If the buyer cannot commit to a bargaining order and the sellers are su¢ ciently di¤erent, there is also a unique subgame perfect equilibrium outcome again with the order of increasing size.

Suggested Citation

  • Jun Xiao, 2012. "Bargaining Order in a Multi-Person Bargaining Game," Department of Economics - Working Papers Series 1150, The University of Melbourne.
  • Handle: RePEc:mlb:wpaper:1150
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    File URL: http://fbe.unimelb.edu.au/__data/assets/pdf_file/0005/784310/1150.pdf
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    References listed on IDEAS

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    1. Roy Chowdhury, Prabal & Sengupta, Kunal, 2008. "Multi-person Bargaining With Complementarity: Is There Holdout?," MPRA Paper 11517, University Library of Munich, Germany.
    2. 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.
    3. Muthoo,Abhinay, 1999. "Bargaining Theory with Applications," Cambridge Books, Cambridge University Press, number 9780521576475.
    4. Lars A. Stole & Jeffrey Zwiebel, 1996. "Intra-firm Bargaining under Non-binding Contracts," Review of Economic Studies, Oxford University Press, vol. 63(3), pages 375-410.
    5. Chae, Suchan & Yang, Jeong-Ae, 1988. "The unique perfect equilibrium of an n-person bargaining game," Economics Letters, Elsevier, vol. 28(3), pages 221-223.
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    Cited by:

    1. repec:spr:jogath:v:46:y:2017:i:3:d:10.1007_s00182-016-0556-4 is not listed on IDEAS
    2. Amit Kumar Maurya & Shubhro Sarkar, 2013. "Bargaining order and delays in multilateral bargaining with asymmetric sellers," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-015, Indira Gandhi Institute of Development Research, Mumbai, India.

    More about this item

    Keywords

    multi-person bargaining; bargaining order;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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