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Most of the economic literature on bargaining has focused on situations where the set of possible outcomes is taken as given. This paper is concerned with situations where decision-makers first need to identify the set of feasible outcomes before they bargain over which of them is selected. Our...
Persistent link: https://www.econbiz.de/10014186265
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Most of the economic literature on bargaining has focused on situations where the set of possible outcomes is taken as given. This paper is concerned with situations where decision-makers first need to identify the set of feasible outcomes before they bargain over which of them is selected. Our...
Persistent link: https://www.econbiz.de/10008908890
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I prove that the Nash bargaining solution is the only solution to satisfy 'Disagreement Point Convexity' and 'Midpoint Domination.' I explain how this improves previous results obtained by Chun (1990) and by Dagan et al. (2002)
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We consider a multilateral Nash demand game where short-sighted players come to the bargaining table with requests for both coalition partners and the potentially generated resource. We prove that group learning leads with probability one to complete cooperation and a strictly self-enforcing...
Persistent link: https://www.econbiz.de/10012720824