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A repeated coalitional bargaining model

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  • Kawamori, Tomohiko

Abstract

This paper presents a repeated coalitional bargaining model in which after a coalitional bargaining terminates with an agreement, another coalitional bargaining begins. It provides a necessary and sufficient condition for the existence of an efficient SSPE, i.e., an SSPE in which the grand coalition is formed without delay. This condition implies that as (i) payoffs from future coalitional bargaining are more valuable and (ii) players are less patient, an efficient SSPE more easily exists.

Suggested Citation

  • Kawamori, Tomohiko, 2008. "A repeated coalitional bargaining model," Mathematical Social Sciences, Elsevier, vol. 55(3), pages 292-298, May.
    • Handle: RePEc:eee:matsoc:v:55:y:2008:i:3:p:292-298
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    References listed on IDEAS

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    1. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
    2. Kalyan Chatterjee & Bhaskar Dutia & Debraj Ray & Kunal Sengupta, 2013. "A Noncooperative Theory of Coalitional Bargaining," World Scientific Book Chapters, in: Bargaining in the Shadow of the Market Selected Papers on Bilateral and Multilateral Bargaining, chapter 5, pages 97-111, World Scientific Publishing Co. Pte. Ltd..
    3. Muthoo Abhinay, 1995. "Bargaining in a Long-Term Relationship with Endogenous Termination," Journal of Economic Theory, Elsevier, vol. 66(2), pages 590-598, August.
    4. Okada, Akira, 1996. "A Noncooperative Coalitional Bargaining Game with Random Proposers," Games and Economic Behavior, Elsevier, vol. 16(1), pages 97-108, September.
    5. Eberwein, Curtis J., 2001. "Repeated bargaining and the role of impatience and incomplete contracting," Labour Economics, Elsevier, vol. 8(5), pages 573-592, December.
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    Cited by:

    1. Akira Okada, 2015. "Cooperation and Institution in Games," The Japanese Economic Review, Japanese Economic Association, vol. 66(1), pages 1-32, March.

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