Corchon, Luis and Ritzberger, Klaus (1992): On the Non-Cooperative Foundations of Cooperative Bargaining.
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In this note we challenge the non-cooperative foundations of cooperative bargaining solutions on the grounds that the limit operation for approaching a frictionless world is not robusto We show that when discounting almost ceases to play a role, any individually rational payoff can be supported by some subgame perfect equilibrium. To select the "correct" point imposes excessive informationaL requirements on the analyst.
|Item Type:||MPRA Paper|
|Original Title:||On the Non-Cooperative Foundations of Cooperative Bargaining|
|Keywords:||Subgame Perfection Rubinstein Game|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C78 - Bargaining Theory; Matching Theory
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games
|Depositing User:||Luis C. Corchon|
|Date Deposited:||08. Nov 2009 06:34|
|Last Modified:||18. Feb 2013 01:04|
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