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- W3010708032 abstract "Abstract We study a one‐to‐many bargaining model in which one active player bargains with every passive player on how to share the surplus of a joint project. The order of bargaining is not fixed and the active player decides whom to bargain with in each period. Our model admits a rich set of equilibria and we identify the upper and lower bounds of equilibrium payoffs. We also examine whether two natural ordering protocols often assumed in existing studies can sustain endogenously. Although the queuing protocol may indeed arise in an equilibrium, the rotating protocol is in general not self‐enforcing." @default.
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- W3010708032 date "2020-05-19" @default.
- W3010708032 modified "2023-10-16" @default.
- W3010708032 title "DECENTRALIZED ONE‐TO‐MANY BARGAINING" @default.
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- W3010708032 doi "https://doi.org/10.1111/iere.12452" @default.
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