A Bargaining Model with Incomplete Information

S-Tier
Journal: Review of Economic Studies
Year: 1992
Volume: 59
Issue: 1
Pages: 187-203

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

Multiplicity of sequential equilibria is a common problem in bargaining models with incomplete information in which the informed player makes an offer. Most of these equilibria are supported by optimistic conjectures by the uninformed player. This paper re-examines the bargaining model in Rubinstein (1985a, b). Monotonicity restrictions are placed on off-the equilibrium-path beliefs to exclude equilibria supported by optimistic conjectures. Sequential equilibria that survive these restrictions are characterized.

Technical Details

RePEc Handle
repec:oup:restud:v:59:y:1992:i:1:p:187-203.
Journal Field
General
Author Count
1
Added to Database
2026-01-24