Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072199 | Games and Economic Behavior | 2012 | 16 Pages |
Abstract
⺠A game in which pairs of players connected in a network are randomly matched to bargain. ⺠MPEs always exist. ⺠MPE payoffs are not necessarily unique. ⺠A method for constructing pure strategy MPEs for high discount factors is developed. ⺠For some networks, all MPEs are asymptotically inefficient as players become patient.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Dilip Abreu, Mihai Manea,