Multi-Issue Bargaining with Endogenous Agenda
The first part of this paper shows that in a noncooperative bargaining model with alternating offers and time preferences the timing of issues (the agenda) matters even if players become arbitrarily patient. This result rises the question which agenda should come up endogenously when agents bargain over a set of unrelated issues. It is found that simultaneous bargaining over ''packages'' should be a prevailing phenomenon, but we also point to the possibility of multiple equilibria involving even considerable delay.
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|Date of creation:||30 Oct 1998|
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- Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
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- van Damme, E.E.C. & Selten, R. & Winter, E., 1990. "Alternating bid bargaining with a smallest money unit," Other publications TiSEM b8a7cc1a-cef1-470a-9239-3, Tilburg University, School of Economics and Management.
- van Damme, E.E.C. & Selten, R. & Winter, E., 1989. "Alternating bid bargaining with a smallest money unit," Discussion Paper 1989-32, Tilburg University, Center for Economic Research.
- Erik van Damme & Reinhard Selten & Eyal Winter, 1989. "Alternating Bid Bargaining with a Smallest Money Unit," Discussion Paper Serie A 253, University of Bonn, Germany.
- Shaked, Avner & Sutton, John, 1984. "Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 52(6), pages 1351-1364, November.
- Busch, Lutz-Alexander & Horstmann, Ignatius, 1997. "A Comment on Issue-by-Issue Negotiations," Games and Economic Behavior, Elsevier, vol. 19(1), pages 144-148, April.
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