Noncooperative Model of Collective Decision Making: Multi-Lateral Bargaining Approach, A

Gordon Rausser and Leo Simon

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: This paper proposes a noncooperative model of multilateral bargaining. The model can be viewed as an extension of the famous Stahl-Rubinstein bargaining game. Two players take turns proposing a division of a "pie." After one player has proposed a division, the other can accept or reject the proposal. If the proposal is accepted, the game ends and the division is adopted; if it is rejected, the second player then makes a proposal, which the first player then accepts or rejects. And so on. In Stahl's formulation, the game continues for a finite number of rounds; in Rubinstein's extension, the number of rounds is infinite. We propose a generalization of this model to incorporate multiple players and multidimensional issue spaces. We consider a sequence of games with infinite bargaining horizons, and study the limit points of the equilibrium outcomes as the horizon is extended without bound. A novel feature of our model is that the proposer is chosen randomly "by nature" in each round or bargaining, according to a prespecified vector of strictly positive "access probabilities."

Date: 1992-01
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Related works:
Working Paper: A Noncooperative Model of Collective Decision Making: A Multilateral Bargaining Approach (1992)
Working Paper: A Noncooperative Model of Collective Decision Making: A Multilateral Bargaining Approach (1992)
Working Paper: A noncooperative model of collective decision making: a multilateral bargaining approach (1992)
Working Paper: Noncooperative Model of Collective Decision Making: Multi-Lateral Bargaining Approach, A (1992)
Working Paper: Noncooperative Model of Collective Decision Making: A Multilateral Bargaining Approach (1990)
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