| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060936 | Economics Letters | 2011 | 5 Pages |
Abstract
⺠A final-offer arbitration model with sequential offers is developed. ⺠If the arbitrator maximizes Nash social welfare, the equilibrium outcome is identical to that of Rubinstein's alternating-offer bargaining. ⺠The equilibrium dynamics in the arbitration model has no resemblance to the dynamics in Rubinstein's model.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Muhamet Yildiz,