Based on a result due to Ray and Vohra showing the possibility of inefficiency due to a coalition formation in an international emission reduction game, we consider a possibility of negotiation preceding the negotiation stage, and by means of an example, indicate that the efficiency is restored....

We investigate a random proposer bargaining game with a dead line. A bounded time interval is divided into bargaining periods of equal length and we study the limit of the subgame perfect equilibrium outcome as the number of bargaining periods goes to infinity while the dead line is kept fixed....

We study a Baron-Ferejohn (1989) type of bargaining model to which we append an investment stage. As long as no agreement is reached, a new proposer is selected randomly from the player set. A proposal is accepted if at least q players accept it. Prior to the bargaining stage, players may make...