Sequential bargaining with common values

B-Tier
Journal: Journal of Mathematical Economics
Year: 2010
Volume: 46
Issue: 1
Pages: 109-121

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 study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two players who jointly own this object. The players are asymmetrically informed about the object's value and have veto power over any settlement. There is no depreciation during the bargaining process which involves signalling of private information. We characterise the perfect Bayesian equilibrium outcome of this game which is unique if offers are required to be strictly increasing. Equilibrium agreement is reached gradually and non-deterministically. The better informed player obtains a rent.

Technical Details

RePEc Handle
repec:eee:mateco:v:46:y:2010:i:1:p:109-121
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29