Multi-Issue Bargaining with Endogenous Agenda

Roman Inderst

No 98-35, Sonderforschungsbereich 504 Publications from Sonderforschungsbereich 504, Universität Mannheim, Sonderforschungsbereich 504, University of Mannheim

Abstract: The first part of this paper shows that in a noncooperative bargaining model with alternating offers and time preferences the timing of issues (the agenda) matters even if players become arbitrarily patient. This result rises the question which agenda should come up endogenously when agents bargain over a set of unrelated issues. It is found that simultaneous bargaining over ''packages'' should be a prevailing phenomenon, but we also point to the possibility of multiple equilibria involving even considerable delay.

Pages: 20 pages
Date: 1998-10-30
Note: Financial Support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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Journal Article: Multi-issue Bargaining with Endogenous Agenda (2000)
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