A Continuous-Time Model of Multilateral Bargaining
نویسندگان
چکیده
منابع مشابه
A Continuous-Time Model of Multilateral Bargaining∗
We propose a finite-horizon continuous-time framework for coalitional bargaining that has the following features: (i) Expected payoffs in Markov-perfect equilibrium (MPE) are unique, generating sharp predictions and facilitating comparative statics investigations; (ii) MPE are the only subgame-perfect Nash equilibria (SPNE) of the model that can be approximated by SPNE of nearby discrete-time b...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2015
ISSN: 1945-7669,1945-7685
DOI: 10.1257/mic.20100029