ANn-PERSON RUBINSTEIN BARGAINING GAME

Pär Torstensson ()
Additional contact information
Pär Torstensson: SVERIGES RIKSBANK, Policy and Analysis Division, Financial Stability Department, SE-103 37, Stockholm, Sweden

International Game Theory Review (IGTR), 2009, vol. 11, issue 01, 111-115

Abstract: When Herrero (1985) extends Rubinstein's (1982) alternating-offers bargaining model to the case of three or more players any agreement can be supported as a subgame perfect equilibrium (SPE) outcome, given a sufficiently large discount factor. We show that this is not the case when players demand shares for themselves instead of proposing agreements to each other. Although it is possible to rule out agreements, the majority remains to be SPE outcomes.

Keywords: Multilateral bargaining; n-person bargaining; subgame perfect equilibria; C78; C72 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219198909002170
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:igtrxx:v:11:y:2009:i:01:n:s0219198909002170

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219198909002170

Access Statistics for this article

International Game Theory Review (IGTR) is currently edited by David W K Yeung

More articles in International Game Theory Review (IGTR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().