Multi-lateral strategic bargaining without stationarity

B-Tier
Journal: Journal of Mathematical Economics
Year: 2021
Volume: 97
Issue: C

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

This paper establishes existence of subgame perfect equilibrium in pure strategies for a general class of sequential multi-lateral bargaining games, without assuming a stationary setting. The only required hypothesis is that utility functions are continuous on the space of economic outcomes. In particular, no assumption on the space of feasible payoffs is needed. The result covers arbitrary and even time-varying bargaining protocols (acceptance rules), externalities, and other-regarding preferences. As a side result, we clarify the meaning of assumptions on “continuity at infinity.”

Technical Details

RePEc Handle
repec:eee:mateco:v:97:y:2021:i:c:s0304406821001038
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24