Uniqueness of stationary equilibrium payoffs in coalitional bargaining

A-Tier
Journal: Journal of Economic Theory
Year: 2013
Volume: 148
Issue: 6
Pages: 2195-2222

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

We study a model of sequential bargaining in which, in each period before an agreement is reached, the proposerʼs identity is randomly determined, the proposer suggests a division of a pie of size one, each other agent either approves or rejects the proposal, and the proposal is implemented if the set of approving agents is a winning coalition for the proposer. The theory of the fixed point index is used to show that stationary equilibrium expected payoffs of this coalitional bargaining game are unique. This generalizes Eraslan [34] insofar as: (a) there are no restrictions on the structure of sets of winning coalitions; (b) different proposers may have different sets of winning coalitions; (c) there may be a positive probability that no proposer is selected.

Technical Details

RePEc Handle
repec:eee:jetheo:v:148:y:2013:i:6:p:2195-2222
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25