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Iterative Dominance and Sequential Bargaining

  • Christopher Tyson

A new game theoretic analysis of finite horizon, complete information bargaining is advanced. The extensive form reflects an attempt to model unstructured negotiations, in which the negotiants can gain no artificial advantage from the details of the bargaining protocol. Conditions are identified under which the game is dominance solvable in the sense that iterative deletion of weakly dominated strategies selects a unique outcome. These conditions serve to preclude embedded static bargaining problems of the sort that have historically been deemed indeterminate, thereby ensuring that the dynamic problems analyzed will be resolvable without imposing any particular static theory.

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Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 2004-W23.

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Date of creation: 01 Oct 2004
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Handle: RePEc:oxf:wpaper:2004-w23
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  18. Sutton, John, 1986. "Non-cooperative Bargaining Theory: An Introduction," Review of Economic Studies, Wiley Blackwell, vol. 53(5), pages 709-24, October.
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  20. Banks, Jeffrey S. & Duggan, John, 1999. "A Bargaining Model of Collective Choice," Working Papers 1053, California Institute of Technology, Division of the Humanities and Social Sciences.
  21. Chatterjee, Kalyan & Samuelson, Larry, 1990. "Perfect Equilibria in Simultaneous-Offers Bargaining," International Journal of Game Theory, Springer, vol. 19(3), pages 237-67.
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