Article ID Journal Published Year Pages File Type
5072050 Games and Economic Behavior 2012 15 Pages PDF
Abstract
► This paper considers an alternating-offer model that involves final-offer arbitration. ► There exists a range of the arbitratorʼs preferences. ► Within the range, the equilibrium outcomes are unaffected by the arbitratorʼs preference. ► Outside the range, delayed agreements could occur.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Alternating-offer games with final-offer arbitration
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