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 …

offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …

We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when … the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the …

We show that a bargaining game of alternating offers with exogenous risk of breakdown and played by dynamically …

bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …

We examine the commitment effect of delegated bargaining when the delegation contract is renegotiable. We consider a … seller who can either bargain face-to-face with a prospective buyer or delegate bargaining to an intermediary. The …

The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power …