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In this paper, we investigate a model where, on a tree network, players collectively choose the location of a single public facility by noncooperative alternating-offer bargaining with the unanimity rule. We show the existence of a stationary subgame perfect equilibrium and the characterization...
Persistent link: https://www.econbiz.de/10008551452
We examine a model where, on a line network, individuals collectively choose the location of an undesirable public facility through bargaining with the unanimity rule. We show the existence of a stationary subgame perfect equilibrium and the characterization of stationary subgame perfect...
Persistent link: https://www.econbiz.de/10009292617
Persistent link: https://www.econbiz.de/10005364599