• Media type: E-Book; Report
  • Title: Multilateral Non-Cooperative Bargaining in a General Utility Space
  • Contributor: Vartiainen, Hannu [Author]; Kultti, Klaus [Author]
  • imprint: Turku: Aboa Centre for Economics (ACE), 2007
  • Language: English
  • Keywords: bargaining ; C7 ; D7 ; multilateral ; general utility set
  • Origination:
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  • Description: We consider an n-player bargaining problem where the utility possibility set is compact, convex, and stricly comprehensive. We show that a stationary subgame perfect Nash equilibrium exists, and that, if the Pareto surface is differentiable, all such equilibria converge to the Nash bargaining solution as the length of a time period between offers goes to zero. Without the differentiability assumption, convergence need not hold.
  • Access State: Open Access