EXTENDED EDGEWORTH BARGAINING GAMES AND COMPETITIVE EQUILIBRIUM***
نویسندگان
چکیده
منابع مشابه
Competitive bargaining equilibrium
We propose a simple bargaining procedure, the equilibrium of which converges to the Walrasian allocation as the agents become increasingly patient. We thus establish that the competitive outcome obtains even if agents have market power and are not price-takers. Moreover, where in other bargaining protocols the final outcome depends on bargaining power or relative impatience, the outcome here is...
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Consider a two-person intertemporal bargaining problem in which players choose actions and o¤ers each period and collect payo¤s (as function of that periods actions) while bargaining proceeds. This can alternatively be viewed as an in nitely-repeated game wherein players can o¤er one another enforceable contracts that govern play for the rest of the game. Theory is silent regarding how the sur...
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ژورنال
عنوان ژورنال: Metroeconomica
سال: 1968
ISSN: 0026-1386,1467-999X
DOI: 10.1111/j.1467-999x.1968.tb00139.x