| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072166 | Games and Economic Behavior | 2011 | 9 Pages |
Abstract
We analyze a non-cooperative coalitional bargaining game with random proposers. ⺠The existence of a stationary subgame perfect equilibrium (SSPE) is proved. ⺠An efficient SSPE allocation is the generalized Nash bargaining solution in the core. ⺠The model is applied to wage bargaining among one employer and workers. ⺠Involuntary unemployment may occur.
Related Topics
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Economics and Econometrics
Authors
Akira Okada,