Integrating Raiffa and Nash approaches to bargaining using interim agreements

被引：0
|
作者：
Chatterjee, Kalyan [1 ]
Chaturvedi, Rakesh [2 ]
机构：
[1] Penn State Univ, 504 Kern, University Pk, PA 16802 USA
[2] FLAME Univ, 255 APJ Abdul Kalam, Pune 412115, India
来源：
GAMES AND ECONOMIC BEHAVIOR | 2024年 / 146卷
关键词：
Bargaining; Nash bargaining solution; Raiffa's bargaining solution; Negotiation curve; PERFECT EQUILIBRIUM;
D O I：
10.1016/j.geb.2024.05.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Raiffa's solution to the bargaining problem, outlined in Luce and Raiffa (1957), is the point where the negotiation curve - a sequence of points that constitute step-by-step improvements from the status quo in the feasible payoff space - meets (possibly in the limit) the efficient boundary of the feasible region. A bargaining model with interim agreements yields a negotiation curve in equilibrium (in the spirit of Raiffa), and as the bargaining frictions disappear, the Raiffa path of payoffs converges to the Nash solution.
引用
收藏
页码：105 / 120
页数：16
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