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- Title
The demand commitment bargaining and snowballing cooperation.
- Authors
Winter, Eyal
- Abstract
A multi-person bargaining model based on sequential demands is studied for coalitional games with increasing returns to scale for cooperation. We show that for such games the (subgame perfect) equilibrium behavior leads to a payoff distribution which approaches the Shapley value as the money unit approaches 0. Subgame consistency and strategic equilibria are the main tools used in the analysis. The model is then applied to study a problem of public good consumption.
- Subjects
UNITED States; ECONOMIC demand; ECONOMICS; COLLECTIVE bargaining; ECONOMIC equilibrium; BEHAVIOR; BRIBERY; DISTRIBUTION (Economic theory); CONSUMPTION (Economics)
- Publication
Economic Theory, 1994, Vol 4, Issue 2, p255
- ISSN
0938-2259
- Publication type
Article
- DOI
10.1007/BF01221203