haku: @author Bennet, E. / yhteensä: 1
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| Tekijä: | Bennet, E. |
| Otsikko: | Multiareal bargaining problems |
| Lehti: | Games and Economic Behavior
1997 : MAY, VOL. 19:2, p. 151-179 |
| Asiasana: | GAMES ECONOMIC BEHAVIOUR BARGAINING |
| Kieli: | eng |
| Tiivistelmä: | In many situations in economics and political science there are gains from forming coalitions but conflict over which coalition to form and how to distribute the gains. This paper presents an approach to such multilateral bargaining problems. A solution to a multilateral bargaining problems specifies an agreement for each coalition that is consistent with the bargaining process in every coalition. The author establishes the existence of such solutions, shows that they are determined by reservation prices, and characterizes these reservation prices as payoffs of subgame perfect equilibrium outcomes of a non-cooperative bargaining model. |
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