A protocol for repeated bargaining

被引：1

作者：

Kato, Akihisa ^{[1
]}

Rull, Jose Victor Rios ^{[2
,3
,4
,5
,6
]}

机构：

[1] Osaka Univ, Osaka, Japan

[2] Univ Penn, Philadelphia, PA USA

[3] CAERP, Philadelphia, PA USA

[4] CEPR, Washington, DC USA

[5] NBER, Cambridge, MA USA

[6] UCL, Carrollton, TX USA

来源：

ECONOMICS LETTERS | 2023年 / 227卷

关键词：

Repeated bargaining; Limited commitment; Markov perfect equilibria;

D O I：

10.1016/j.econlet.2023.111132

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We propose a protocol for repeated bargaining where occasional periods of good outside opportunities yield improved outcomes but also higher breakout probabilities, yet there is a lot of risk sharing. Crucially, we only consider Markov perfect equilibria that have neither non payoff-relevant state variables that are costly to compute nor a contrived process of equilibrium selection. (c) 2023 Elsevier B.V. All rights reserved.

引用

页数：4

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