Multilateral bargaining: conditional and unconditional offers

DOI10.1007/S001990100192MaRDI QIDQ1865221zbMATH OpenOpenAlexFDO

Authors Chen-Ying Huang

Publication date 25 March 2003

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://ntur.lib.ntu.edu.tw/bitstream/246246/186451/1/06.pdf

zbMATH Keywords

bargainingconditional and unconditional offers

Mathematics Subject Classification ID

Noncooperative games (91A10) Cooperative games (91A12) Evolutionary games (91A22)

Review text

This paper considers Rubinstein bargaining, with the number of bargainers \(n> 2\). The main result is that if the first player to propose can make either conditional or unconditional offers, then there exists a unique subgame perfect bargaining equilibrium. This result extends Rubinstein's for \(n= 2\) case, as well as \textit{V. Krishna} and \textit{R. Serrano} [Rev. Econ. Stud. 63, 61--80 (1996; Zbl 0844.90122)] in a related \(n\)-player game.

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