“Nash-in-Nash” Bargaining: A Microfoundation for Applied Work
“Nash-in-Nash” Bargaining: A Microfoundation for Applied Work
复制标题
“纳什中纳什”讨价还价:应用工作的微观基础
DOI:
--
复制
发表时间:
2014
影响因子:
8.2
通讯作者:
Robin S. Lee
中科院分区:
文献类型:
--
作者:
Allan Collard;Gautam Gowrisankaran;Robin S. Lee
A “Nash equilibrium in Nash bargains” has become a workhorse bargaining model in applied analyses of bilateral oligopoly. This paper proposes a noncooperative foundation for “Nash-in-Nash” bargaining that extends Rubinstein’s alternating offers model to multiple upstream and downstream firms. We provide conditions on firms’ marginal contributions under which there exists, for sufficiently short time between offers, an equilibrium with agreement among all firms at prices arbitrarily close to Nash-in-Nash prices, that is, each pair’s Nash bargaining solution given agreement by all other pairs. Conditioning on equilibria without delayed agreement, limiting prices are unique. Unconditionally, they are unique under stronger assumptions.
DOI:
10.1257/mic.6.3.106
发表时间:
2014
期刊:
Microeconomics
影响因子:
--
作者:
Iozzi A
通讯作者:
Iozzi A
影响因子:
10.7
作者:
Ho, Kate;Lee, Robin S.
通讯作者:
Lee, Robin S.