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Bargaining and Destructive Power

Author

Listed:
  • Partha Dasgupta

    (University of Cambridge)

  • Eric S. Maskin

    (Institute for Advanced Study)

Abstract

We explore the effect that the power to destroy the feasible set has on two-person bargaining outcomes.

Suggested Citation

  • Partha Dasgupta & Eric S. Maskin, 2007. "Bargaining and Destructive Power," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 217-227, November.
    • Handle: RePEc:cuf:journl:y:2007:v:8:i:2:p:217-227
    as

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    References listed on IDEAS

    as
    1. Shapley, Lloyd S & Shubik, Martin, 1969. "On the Core of an Economic System with Externalities," American Economic Review, American Economic Association, vol. 59(4), pages 678-684, Part I Se.
    2. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    3. Grossman, Sanford J. & Perry, Motty, 1986. "Sequential bargaining under asymmetric information," Journal of Economic Theory, Elsevier, vol. 39(1), pages 120-154, June.
    4. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    5. Gul, Faruk & Sonnenschein, Hugo & Wilson, Robert, 1986. "Foundations of dynamic monopoly and the coase conjecture," Journal of Economic Theory, Elsevier, vol. 39(1), pages 155-190, June.
    6. Starrett, David A, 1973. "A Note on Externalities and the Core," Econometrica, Econometric Society, vol. 41(1), pages 179-183, January.
    7. Roemer, John E., 1988. "Axiomatic bargaining theory on economic environments," Journal of Economic Theory, Elsevier, vol. 45(1), pages 1-31, June.
    8. Drew Fudenberg & Jean Tirole, 1983. "Sequential Bargaining with Incomplete Information," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(2), pages 221-247.
    9. Aumann, Robert J & Kurz, Mordecai, 1977. "Power and Taxes," Econometrica, Econometric Society, vol. 45(5), pages 1137-1161, July.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Agustín Casas & Martín Gonzalez-Eiras, 2021. "Cooperation and Retaliation in Legislative Bargaining," Working Papers 95, Red Nacional de Investigadores en Economía (RedNIE).
    2. William Thomson, 2022. "On the axiomatic theory of bargaining: a survey of recent results," Review of Economic Design, Springer;Society for Economic Design, vol. 26(4), pages 491-542, December.
    3. Hernando-Veciana, Ángel & Michelucci, Fabio, 2014. "On the optimality of not allocating," Economics Letters, Elsevier, vol. 125(2), pages 233-235.
    4. Roberto Serrano, 2021. "Sixty-seven years of the Nash program: time for retirement?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 12(1), pages 35-48, March.
    5. Li, Xiangliang, 2023. "Bargaining: Nash, Consensus, or Compromise?," Games and Economic Behavior, Elsevier, vol. 142(C), pages 730-742.

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    More about this item

    Keywords

    Bargaining; Axioms; Destruction;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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