منابع مشابه
Nash Bargaining with the Option to Wait*
This paper derives the Generalized Nash Bargaining Solution for two-player games where each player has the option of postponing bargaining till a future period. This option endogenously determines the threat points of the initial game. The outcome is compared with the case where there is no such option, and with the usual Rubinstein bargaining game where one offer per period is made. JEL Classi...
متن کاملBeyond Nash Bargaining Theory: The Nash Set*
We extend Nash's bargaining theory to non-convex and coalitional problems. This paper investigates the implications of Nash-like axioms for bilateral problems and the properties of consistency and converse consistency over multilateral settings. The result is a characterization of the Nash set of NTU games, defined as the solution concept where each pair of players is splitting the gains from t...
متن کاملThe Nash Solution to the Bargaining Problem
Policy formation is a process of political interaction among individuals and groups. While some participants in the political process may share similar, or even identical interests, the political preferences of other participants diverge so that conflicts of interest among participating parties are unavoidable. Nevertheless, such conflicts are often resolved in the policy formulation process. T...
متن کاملThe option to wait in collective decisions∗
We analyze a model in which voters learn over time their preferences regarding an irreversible social decision. Voters can either implement the project in the first period, or they can postpone the decision to the second period. We analyze the effects of different majority rules. We show that individual first period voting behavior may become “less conservative” under supermajority rules, and t...
متن کاملThe Coalitional Nash Bargaining Solution∗
The coalitional Nash bargaining solution is defined to be the core allocation for which the Nash product is maximal. We consider a non-cooperative model in which one team may form. The grand team, consisting of all players, generates the largest surplus. But a smaller team may form. We show that as players get more patient if an efficient and stationary equilibrium exists, it must deliver payof...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economics Letters
سال: 1997
ISSN: 0165-1765
DOI: 10.1016/s0165-1765(97)00040-2