Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Apr, 1968, Volume 36, Issue 2

Restricted Bargaining for Organizations with Multiple Objectives<397:RBFOWM>2.0.CO;2-1
p. 397-414

Bruno Contini, Stanley Zionts

In this paper we show that a bargaining game will yield a negotiated solution with certain reasonable properties if the rules of the game are appropriately restricted. The basic idea is to provide an incentive for all the group components to engage in a process of concessions until the point where some agreement is reached. The incentive consists of the threat of a preannounced "imposed" solution which will be enforced if no settlement can be reached.

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