Abstract
We study the set of subgame perfect equilibria associated with then-person noncooperative bargaining mechanism proposed by Hart and Mas-Colell (1992). Our results pertain to transferable utility games. The set of perfect equilibria depends on the parameter representing the “continuation probability,” ϱ. For general TU games, we characterize the set of payoffs from perfect equilibria for (a) small values of ϱ and (b) large values of ϱ. For symmetric games a complete characterization for all values of ϱ is provided.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
