Arbeitspapier
Stochastic Orders of Proposing Players in Bargaining
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random proposers. Only continuous-time Markov processes are firmly rooted in probability theory and offer fundamentally different limit results.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. 05-063/1
- Classification
-
Wirtschaft
Noncooperative Games
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Bargaining Theory; Matching Theory
- Subject
-
Bargaining
Negotiation
Alternating offers
Markov process
subgame perfect equilibrium
Nash bargaining solution
Maximum Theorem
Verhandlungstheorie
Dynamisches Spiel
Markovscher Prozess
Nash-Gleichgewicht
Theorie
Nichtkooperatives Spiel
- Event
-
Geistige Schöpfung
- (who)
-
Houba, Harold
- Event
-
Veröffentlichung
- (who)
-
Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Houba, Harold
- Tinbergen Institute
Time of origin
- 2005
Other Objects (12)
Splitting Orders in Fragmented Markets
Relating Stochastic Volatility Estimation Methods
On the Strategic Use of Focal Points in Bargaining Situations
Gradual Collective Wage Bargaining
Solving The Discrete-Time Stochastic Ramsey Model
Stochastic Dominance: Convexity and Some Efficiency Tests
Network Formation with Heterogeneous Players
Null or Zero Players: The Difference between the Shapley Value and the Egalitarian Solution
High-Frequency Trading around Large Institutional Orders
Collective Bargaining under Non-binding Contracts
Altruism, Fairness and Evolution: the Case for Repeated Stochastic Games
Chinese postman games with repeated players
Splitting Orders in Fragmented Markets
Relating Stochastic Volatility Estimation Methods
On the Strategic Use of Focal Points in Bargaining Situations
Gradual Collective Wage Bargaining
Solving The Discrete-Time Stochastic Ramsey Model
Stochastic Dominance: Convexity and Some Efficiency Tests
Network Formation with Heterogeneous Players
Null or Zero Players: The Difference between the Shapley Value and the Egalitarian Solution
High-Frequency Trading around Large Institutional Orders
Collective Bargaining under Non-binding Contracts
Altruism, Fairness and Evolution: the Case for Repeated Stochastic Games
Chinese postman games with repeated players
Splitting Orders in Fragmented Markets
Relating Stochastic Volatility Estimation Methods
On the Strategic Use of Focal Points in Bargaining Situations
Gradual Collective Wage Bargaining
Solving The Discrete-Time Stochastic Ramsey Model
Stochastic Dominance: Convexity and Some Efficiency Tests
Network Formation with Heterogeneous Players
Null or Zero Players: The Difference between the Shapley Value and the Egalitarian Solution
High-Frequency Trading around Large Institutional Orders
Collective Bargaining under Non-binding Contracts
Altruism, Fairness and Evolution: the Case for Repeated Stochastic Games