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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Unique Equilibria in the Rubinstein Bargaining Model when the Payoff Set is Non-Convex
Organization Unit
Authors
  • Wolfgang R Köhler
Language
  • English
Institution University of Zurich
Series Name Working paper series / Institute for Empirical Research in Economics
Number No. 255
ISSN 1424-0459
Date 2005
Abstract Text I give necessary and sufficient conditions for the uniqueness of the equilibrium in a wide class of Rubinstein bargaining models. The requirements encompass a class of non-convex or disconnected payoff sets with discontinuous Pareto frontiers. The equilibrium of the non-cooperative game is unique if the objective function of the corresponding Nash-bargaining game has a unique maximum. I extend the analysis to games where the time between offers is not constant.
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