Arbeitspapier
Equilibrium Delay and Non-existence of Equilibrium in Unanimity Bargaining Games
We consider a class of perfect information bargaining games with unanimity acceptance rule. The proposer and the order of responding players are determined by the state that evolves stochastically over time. The probability distribution of the state in the next period is determined jointly by the current state and the identity of the player who rejected the current proposal. This protocol encompasses a vast number of special cases studied in the literature. We show that subgame perfect equilibria in pure stationary strategies need not exist. When such equilibria do exist, they may exhibit delay. Limit equilibria (as the players become infinitely patient) need not be unique.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Working Paper Series ; No. 14/196
- Klassifikation
-
Wirtschaft
Noncooperative Games
Bargaining Theory; Matching Theory
- Thema
-
Strategic Bargaining
Subgame Perfect Equilibrium
Stationary Strategies
Nash Bargaining Solution
Nash-Gleichgewicht
Vollkommene Information
Verhandlungstheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Britz, Volker
Herings, P. Jean-Jacques
Predtetchinski, Arkadi
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, CER-ETH - Center of Economic Research
- (wo)
-
Zurich
- (wann)
-
2014
- DOI
-
doi:10.3929/ethz-a-010147817
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Britz, Volker
- Herings, P. Jean-Jacques
- Predtetchinski, Arkadi
- ETH Zurich, CER-ETH - Center of Economic Research
Entstanden
- 2014
Ähnliche Objekte (12)
The existence of perfect equilibrium in discontinuous games
Equilibrium stochastic delay processes
Equilibrium Existence in Incomplete Information Games with Atomic Posteriors
On the existence of Nash Equilibrium in Bayesian Games
Network topology and equilibrium existence in weighted network congestion games
Competition for Resources: The Equilibrium Existence Problem in Congestion Games
Bargaining power and equilibrium consumption
Diagonal payoff security and equilibrium existence in quasi-symmetric discontinuous games
Diagonal payoff security and equilibrium existence in quasi-symmetric discontinuous games
Game equilibrium models, 3.. Strategic bargaining / with contributions by W. Albers ...
Equilibrium opacity in ultimatum‐offer bargaining
Local Payoff Security and the Existence of Nash Equilibrium in Discontinuous Games
The existence of perfect equilibrium in discontinuous games
Equilibrium stochastic delay processes
Equilibrium Existence in Incomplete Information Games with Atomic Posteriors
On the existence of Nash Equilibrium in Bayesian Games
Network topology and equilibrium existence in weighted network congestion games
Competition for Resources: The Equilibrium Existence Problem in Congestion Games
Bargaining power and equilibrium consumption
Diagonal payoff security and equilibrium existence in quasi-symmetric discontinuous games
Diagonal payoff security and equilibrium existence in quasi-symmetric discontinuous games
Game equilibrium models, 3.. Strategic bargaining / with contributions by W. Albers ...
Equilibrium opacity in ultimatum‐offer bargaining
Local Payoff Security and the Existence of Nash Equilibrium in Discontinuous Games
The existence of perfect equilibrium in discontinuous games
Equilibrium stochastic delay processes
Equilibrium Existence in Incomplete Information Games with Atomic Posteriors
On the existence of Nash Equilibrium in Bayesian Games
Network topology and equilibrium existence in weighted network congestion games
Competition for Resources: The Equilibrium Existence Problem in Congestion Games
Bargaining power and equilibrium consumption
Diagonal payoff security and equilibrium existence in quasi-symmetric discontinuous games
Diagonal payoff security and equilibrium existence in quasi-symmetric discontinuous games
Game equilibrium models, 3.. Strategic bargaining / with contributions by W. Albers ...
Equilibrium opacity in ultimatum‐offer bargaining