Unique Equilibria in the Rubinstein Bargaining Model when the Payo ¤ Set is Non - Convex
نویسندگان
چکیده
I give necessary and sufficient conditions on the payoff set that guarantee uniqueness of the equilibrium in the Rubinstein bargaining model. The conditions encompass a class of non-convex or disconnected payoff sets with discontinuous Pareto frontiers. Roughly speaking, the equilibrium is unique if the objective function of the corresponding Nash-bargaining game has a unique maximum. I extend the analysis to games where the time between offers is not constant.
منابع مشابه
Unique Equilibria in the Rubinstein Bargaining Model when the Payoff Set is Non-Convex
I give necessary and su¢ cient conditions for the uniqueness of the equilibrium in a wide class of Rubinstein bargaining models. The requirements encompass a class of non-convex or disconnected payo¤ sets with discontinuous Pareto frontiers. The equilibrium of the non-cooperative game is unique if the objective function of the corresponding Nash-bargaining game has a unique maximum. I extend th...
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