On bargaining partner selection when communication is restricted
International Journal of Game Theory, 2002, vol. 30, issue 4, 503-515
This paper analyzes the optimal selection of a bargaining partner when communication among players is restricted by an exogenously given graph. If players are equally patient, bargaining agreements are immune to players' locations, and the selection of a bargaining partner is not an issue. In contrast, when players differ in their discount factors, both location and impatience matter for bilateral agreements and partner selection becomes an issue. We show that selecting the most impatient neighbor is an equilibrium strategy whenever two players having a common neighbor share their most impatient neighbor. This condition is always satisfied by stratified graphs with no more than three strata. In the absence of this condition, cyclically-stratified graphs with no more than three strata also admit this equilibrium selection rule.
Keywords: Noncooperative; bargaining; ·; bargaining; partner; ·; communication; network; ·; time; preferences. (search for similar items in EconPapers)
JEL-codes: C72 C78 D20 (search for similar items in EconPapers)
Note: Received: November 2000/Final version: January 2002
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Access to the full text of the articles in this series is restricted
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:jogath:v:30:y:2002:i:4:p:503-515
Ordering information: This journal article can be ordered from
http://www.springer. ... eory/journal/182/PS2
Access Statistics for this article
International Journal of Game Theory is currently edited by Shmuel Zamir, Vijay Krishna and Bernhard von Stengel
More articles in International Journal of Game Theory from Springer, Game Theory Society
Bibliographic data for series maintained by Sonal Shukla ().