Caruana, Guillermo; Einav, Liran; Quint, Daniel - Centro de Estudios Monetarios y Financieros (CEMFI) - 2004
This paper presents a new non-cooperative approach to multilateral bargaining. We consider a demand game with the following additional ingredients: (i) There is an exogenous deadline, by which bargaining has to end; (ii) Prior to the deadline, players may sequentially change their demands as...
