The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary … vanishes, convergence to the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard …

The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …

We set up a rich bilateral bargaining model with four salient points (disagreement point, ideal point, reference point … determined. This model allows us to compare two bargaining solutions that use reference points, the Gupta-Livne solution and the … solutions place on the disagreement point do not directly imply a unique efficiency ranking in this bargaining problem with a …

We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … bargaining solution is the unique stationary subgameperfect equilibrium. …

I show that in noncooperative bargaining between two players with risk aversion, the more risk averse player always … obtains a larger equilibrium payoff, after controlling for the other sources of advantage in bargaining e.g. patience and … order of bargaining. I contrast my result with that of Roth (1985) that a risk averse player is disadvantaged when facing a …

We consider the long-run outcomes of bargaining games when players obey prospect theory. We extend the evolutionary … bargaining model of Young (1993) to a two-stage Nash demand game. Two players simultaneously choose whether to exercise an … Nash bargaining solution under expected utility theory. Inspired by this, we propose a prospect theory Nash bargaining …