Bargaining Order in a Multi-Person Bargaining Game

Jun Xiao

No 1150, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper studies a complete-information bargaining game with one buyer and multiple sellers of di¤erent ?sizes? or bargaining strengths. The bargaining order is determined by the buyer. If the buyer can commit to a bargaining order, there is a unique subgame perfect equilibrium outcome where the buyer bargains in order of increasing size ? from the smallest to the largest. If the buyer cannot commit to a bargaining order and the sellers are su¢ ciently di¤erent, there is also a unique subgame perfect equilibrium outcome again with the order of increasing size.

Keywords: multi-person bargaining; bargaining order (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2012
New Economics Papers: this item is included in nep-gth and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:1150

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