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We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two … veto power over any settlement. There is no depreciation during the bargaining process which involves signalling of private …
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We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both …
Persistent link: https://www.econbiz.de/10010373493
I develop an infinite-horizon alternating-offers model of multilateral negotiations, a common means of exchange whose strategic complexity has hindered previous modeling efforts. Multilateral negotiations occur in numerous settings in which one party wishes to trade with one of several others,...
Persistent link: https://www.econbiz.de/10013096643
modelling the automated negotiation process as a two-person bargaining game under incomplete information. A first result states …
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We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10011372980
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 …
Persistent link: https://www.econbiz.de/10011343949
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 …
Persistent link: https://www.econbiz.de/10011343950