Coalitional bargaining games with random proposers: Theory and application

B-Tier
Journal: Games and Economic Behavior
Year: 2011
Volume: 73
Issue: 1
Pages: 227-235

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a non-cooperative coalitional bargaining game with random proposers in a general situation for which players differ in recognition probability and time preference. We characterize an efficient equilibrium as the generalized Nash bargaining solution that belongs to the core. The model is applied to wage bargaining between an employer and multiple workers. Although involuntary unemployment may occur in equilibrium, full employment emerges as players become sufficiently patient.

Technical Details

RePEc Handle
repec:eee:gamebe:v:73:y:2011:i:1:p:227-235
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26