Imai, Haruo; Watanabe, Naoki - Institute of Economic Research, Kyoto University - 2004
We show the nuetrality of coalition formation in the sequential bargaining game a la Stahl-Binmore-Rubinstein with random proposers. To that end, we juxtapose an ex-ante coalition formation stage to their bargaining game. Based on the expected outcomes in the negotiation over how to split a...