Chatterjee, Kalyan; Dutta, Bhaskar; Ray, Debraj; … - In: Review of Economic Studies 60 (1993) 2, pp. 463-77
The authors explore a sequential offers model of n-person coalitional bargaining with transferable utility and with time discounting. Their focus is on the efficiency properties of stationary equilibria of strictly superadditive games when the discount factor 'delta' is sufficiently large. It is...