English, Article, Journal or magazine article edition: On Rationalizability in Two-Person Alternating-Offer Bargaining Vannetelbosch, Vincent J.

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Bookmark: http://trove.nla.gov.au/version/4168
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On Rationalizability in Two-Person Alternating-Offer Bargaining
Author
  • Vannetelbosch, Vincent J.
Physical Description
  • preprint
Notes
  • This paper reconsiders Rubinstein's alternating-offer bargaining game with complete information. We define rationalizability for multi-stage games with observed actions. Whe show that rationalizability does not exclude perpetual disagreement or delay. Then, we define trembling-hand rationalizability and we show that it implies a unique solution. Moreover, this unique solution is the subgame perfect equilibrium. We also reconsider an extension of Rubinstein's game wherein there is a smallest money unit.
  • bargaining; alternating-offer; rationalizability; money unit
  • RePEc:ctl:louvir:1996023
Language
  • English
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