Uniqueness of stationary equilibria in a one-dimensional model of bargaining

被引：35

作者：

Cho, SJ

Duggan, J

机构：

[1] Univ Rochester, Wallis Inst Polit Econ, Dept Polit Sci, Rochester, NY 14627 USA

[2] Univ Rochester, Dept Econ, Rochester, NY 14627 USA

来源：

JOURNAL OF ECONOMIC THEORY | 2003年 / 113卷 / 01期

关键词：

bargaining; stationary equilibria;

D O I：

10.1016/S0022-0531(03)00087-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We prove uniqueness of stationary equilibria in a one-dimensional model of bargaining with quadratic utilities, for an arbitrary common discount factor. For general concave utilities, we prove existence and uniqueness of a "minimal" stationary equilibrium and of a "maximal" stationary equilibrium. We provide an example of multiple stationary equilibria with concave (nonquadratic) utilities. (C) 2003 Elsevier Inc. All rights reserved.

引用

页码：118 / 130

页数：13

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