The paper studies a strategic sequential bargaining game with incomplete information: Two players have to reach an agreement on the partition of a pie. Each player, in turn, has to make a proposal on how the pie should be divided. After one player has made an offer, the other must decide either to accept it or to reject it and continue the bargaining. Player 2 is one of two types, and player 1 does not know that type player 2 actually is. A class of sequential equilibria (called bargaining sequential equilibria) is characterized for this game. The main theorem proves the (typical) uniqueness of the bargaining sequential equilibrium. It specifies a clear connection between the equilibrium and player 1's initial belief about his opponent's type.
MLA
Rubinstein, Ariel. “A Bargaining Model with Incomplete Information About Time Preferences.” Econometrica, vol. 53, .no 5, Econometric Society, 1985, pp. 1151-1172, https://www.jstor.org/stable/1911016
Chicago
Rubinstein, Ariel. “A Bargaining Model with Incomplete Information About Time Preferences.” Econometrica, 53, .no 5, (Econometric Society: 1985), 1151-1172. https://www.jstor.org/stable/1911016
APA
Rubinstein, A. (1985). A Bargaining Model with Incomplete Information About Time Preferences. Econometrica, 53(5), 1151-1172. https://www.jstor.org/stable/1911016
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
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