Rationalizability and equilibrium in N-person sequential bargaining

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 14
Issue: 2
Pages: 353-371

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

This paper deals with N-person sequential bargaining games with complete information. For N-person sequential bargaining games, uniqueness of the SPE has been obtained by allowing the players to exit with partial agreements. Adopting a non-equilibrium approach, we show that N-person sequential bargaining games with exit are solvable by a refinement of rationalizability for multi-stage games (trembling-hand rationalizability) whatever the impatience of the players. That is, once we adopt the non-equilibrium approach, the exit opportunity still fulfils its original aim: we achieve a unique solution by introducing the exit opportunity. Moreover, this unique solution is the unique SPE.

Technical Details

RePEc Handle
repec:spr:joecth:v:14:y:1999:i:2:p:353-371
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29