Integrating Raiffa and Nash approaches to bargaining using interim agreements

B-Tier
Journal: Games and Economic Behavior
Year: 2024
Volume: 146
Issue: C
Pages: 105-120

Authors (2)

Chatterjee, Kalyan (not in RePEc) Chaturvedi, Rakesh (Ahmedabad University)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

Raiffa's solution to the bargaining problem, outlined in Luce and Raiffa (1957), is the point where the negotiation curve - a sequence of points that constitute step-by-step improvements from the status quo in the feasible payoff space - meets (possibly in the limit) the efficient boundary of the feasible region. A bargaining model with interim agreements yields a negotiation curve in equilibrium (in the spirit of Raiffa), and as the bargaining frictions disappear, the Raiffa path of payoffs converges to the Nash solution.

Technical Details

RePEc Handle
repec:eee:gamebe:v:146:y:2024:i:c:p:105-120
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25