Jean-Jacques, Herings P.; Arkadi, Predtetchinski - Graduate School of Business and Economics (GSBE), … - 2009
We show that in the canonical non-cooperative multilateral bargaining game, a subgameperfect equilibrium exists in pure stationary strategies, even when the space of feasible payoffs is not convex. At such an equilibrium there is no delay. We also have the converse result that randomization will...