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Bargaining Order in a Multi-Person Bargaining Game

Author

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  • Jun Xiao
Abstract
This paper studies a complete-information bargaining game with one buyer and multiple sellers of di¤erent ?sizes? or bargaining strengths. The bargaining order is determined by the buyer. If the buyer can commit to a bargaining order, there is a unique subgame perfect equilibrium outcome where the buyer bargains in order of increasing size ? from the smallest to the largest. If the buyer cannot commit to a bargaining order and the sellers are su¢ ciently di¤erent, there is also a unique subgame perfect equilibrium outcome again with the order of increasing size.

Suggested Citation

  • Jun Xiao, 2012. "Bargaining Order in a Multi-Person Bargaining Game," Department of Economics - Working Papers Series 1150, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:1150
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    File URL: http://fbe.unimelb.edu.au/__data/assets/pdf_file/0005/784310/1150.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Maurya, Amit Kumar, 2018. "Bargaining order in multilateral bargaining with imperfect compliments," MPRA Paper 89583, University Library of Munich, Germany.
    3. Johannes Münster & Markus Reisinger, 2021. "Sequencing Bilateral Negotiations with Externalities," ECONtribute Discussion Papers Series 096, University of Bonn and University of Cologne, Germany.
    4. Bedayo, Mikel & Mauleon, Ana & Vannetelbosch, Vincent, 2016. "Bargaining in endogenous trading networks," Mathematical Social Sciences, Elsevier, vol. 80(C), pages 70-82.
    5. Chiu Yu Ko & Duozhe Li, 2020. "Decentralized One‐To‐Many Bargaining," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(3), pages 1139-1172, August.
    6. Chen, Ying & Zápal, Jan, 2022. "Sequential vote buying," Journal of Economic Theory, Elsevier, vol. 205(C).
    7. Amit Kumar Maurya & Shubhro Sarkar, 2013. "Bargaining order and delays in multilateral bargaining with asymmetric sellers," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-015, Indira Gandhi Institute of Development Research, Mumbai, India.
    8. Suchan Chae & Seho Kim, 2019. "The effects of third-party transfers in sequential anchored bargaining," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(1), pages 143-155, March.
    9. Soumendu Sarkar, 2017. "Mechanism design for land acquisition," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(3), pages 783-812, August.

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    More about this item

    Keywords

    multi-person bargaining; bargaining order;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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