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 period’s 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...

We study equilibrium selection in stochastic evolutionary bargaining games in which idiosyncratic play is intentional instead of random. In contract games, the stochastically stable state selected by intentional idiosyncratic play is the Nash bargain, rather than the usual Kalai-Smorodinsky solution.

I adapt Raiffa's discrete bargaining solution in order to take the possibility of partial cooperation into account when there are more than two players. The approach is non-cooperative. I slightly modify the bargaining procedure proposed by Sjöström for supporting the Raiffa solution, exactly as Hart and MasColell introduced the possibility of partial cooperation in (a slight variation of) the ...

This paper proposes a logical model of multi-demand bargaining with integrity constraints. We also construct a simultaneous concession solution to bargaining games of this kind, and show that the solution is uniquely characterised by a set of logical properties. Moreover, we prove that the solution also satisfies the most fundamental game theoretic properties such as symmetry and Pareto optimal...

This experimental study investigates two bargaining games with twosided incomplete information between a seller and a buyer. In the first game with no outside options many subjects do not use the incomplete information to their advantage as predicted. We find that a model with adjusting priors better explains observed behavior. The second game gives the buyer the option to buy via search or ret...

We show that for many classes of symmetric two-player games, the simple decision rule “imitate-the-best” can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of the rock-scissors-paper variety. Thus, in many interesting examples, like 2x2 games, Cournot duopoly...

We consider non-cooperative multilateral bargaining games with endogenous bargaining protocols. Under an endogenous protocol, the probability with which a player becomes the proposer in a round of bargaining depends on the identity of the player who previously rejected. An important example is the frequently studied rejector-becomes-proposer protocol. We focus on subgame perfect equilibria in s...

This paper considers non-transferable utility games and provides sufftcient conditions for the existence of the bargaining set introduced in Mas-Cole11 (1989). Our main assumption is weak balancedness. This assumption is weaker than balancedness and is satisfied in all transferable utility games and all three-player games. The proof of our main result is based on an application of a coincidence...

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 ...

While face-to-face bargaining has proven itself to be extremely efficient in the laboratory, it appears to break down often in the real world. This discrepancy, we assert, is explained by the fact that in the real world face-to-face bargaining is usually conducted not between principals but between the agents of principals. We find a substantial increase in inefficiency when bargaining is condu...