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Revision as of 01:00, 20 March 2024

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An \(N\)-person pure bargaining game
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    An \(N\)-person pure bargaining game (English)
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    1 December 1994
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    The paper deals with the \(n\)-person generalization of the pure bargaining game. The attention is focused to its solution. Namely, it is shown that there exists a unique perfect equilibrium outcome and it approaches the \(n\)-person Nash bargaining solution if the time delay between particular bargaining steps vanishes. The generalization of the 2-person to the \(n\)- person game is based on the assumption that the group bargaining process can be transformed to a combination of several bilateral contracts.
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    perfect equilibrium
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    Nash bargaining
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    pure bargaining game
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