Hart, Sergiu; Mas-Colell, Andreu - In: Journal of the European Economic Association 8 (2010) 1, pp. 7-33
In this paper we view bargaining and cooperation as an interaction superimposed on a game in strategic form. A multistage bargaining procedure for N players, the "proposer commitment" procedure, is presented. It is inspired by Nash's two-player variable-threat model; a key feature is the...
