A Characterization of a Limit Solution for Finite Horizon Bargaining Problems
A Characterization of a Limit Solution for Finite Horizon Bargaining Problems
复制标题
有限视野讨价还价问题极限解的表征
DOI:
10.1007/s00182-011-0306-6
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发表时间:
2012
影响因子:
0.6
通讯作者:
Haruo Imai and Hannu Salonen
中科院分区:
文献类型:
--
作者:
Kojima;M.;石黒浩;近藤成一;馬場基;Haruo Imai and Hannu Salonen
We investigate a two-person random proposer bargaining game with a deadline. A bounded time interval is divided into bargaining periods of equal length and we study the limit of the subgame perfect equilibrium outcomes as the number of bargaining periods goes to infinity while the deadline is kept fixed. This limit is close to the discrete Raiffa solution when the time horizon is very short. If the deadline goes to infinity the limit outcome converges to the time preference Nash solution. Regarding this limit as a bargaining solution under deadline, we provide an axiomatic characterization.