Everything about Sequential bargaining
Bargaining procedure
Sequential bargaining is a structured form of bargaining between two participants, in which the participants take turns in making offers. Initially, person #1 has the right to make an offer to person #2. If person #2 accepts the offer, then an agreement is reached and the process ends. If person #2 rejects the offer, then the participants switch turns, and now it is the turn of person #2 to make an offer. The people keep switching turns until either an agreement is reached, or the process ends with a disagreement due to a certain end condition. Several end conditions are common, for example:There is a pre-specified limit on the number of turns; after that many turns, the process ends. There is a pre-specified limit on the negotiation time; when time runs out, the process ends.The number of possible offers is finite, and the protocol rules disallow to offer the same agreement twice. Hence, if the number of possible offers is finite, at some point all them are exhausted, and the negotiation ends without an agreement. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Sequential bargainingA 5-minute orientation
- Skim a recent paper: Allocating water resources in transboundary river basins: A sequential rubinstein bargaining approach with risk discountingInfluential work since 2022
- Pick up a classic book: Game TheoryThe most-reprinted book on the subject
- Read the landmark paper: Equilibrium in a Market with Sequential BargainingCited 341 times
- Go sideways: Sequential auctionA closely related topic
- Go sideways: Double auctionA closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
Equilibrium in a Market with Sequential Bargaining
Detecting Failures of Backward Induction: Monitoring Information Search in Sequential Bargaining
A Stochastic Model of Sequential Bargaining with Complete Information
Sequential Bargaining with Incomplete Information
Limit theorems for markets with sequential bargaining
An Integration of Trade Union Models in a Sequential Bargaining Framework
Sequential bargaining under asymmetric information
Sequential Bargaining in the Field: Evidence from Millions of Online Bargaining Interactions*
🆕 Influential since 2022
Allocating water resources in transboundary river basins: A sequential rubinstein bargaining approach with risk discounting
Sequential Veto Bargaining With Incomplete Information
ECS-NBS: Exact Computation of Sequential Nash Bargaining Solutions
An empirical study of sequential offer bargaining during the Festival of Sacrifice
Reference points in sequential bargaining: theory and experiment
📚 Books worth reading
Game TheoryMichael Maschler, Eilon Solan · 2013
Game TheoryRoger A. McCain · 2004- 📕Sequential bargaining with correlated valuesRobert Evans · 1988
Sequential bargaining with many buyersDrew Fudenberg · 1985- 📕Sequential Bargaining Under Asymmetric InformationMotty Perry, Sanford J. Grossman · 1986
- 📕Two papers on sequential bargainingPeter C. Cramton · 1984
- 📕Equilibrium in a market with sequential bargainingAriel Rubinstein · 1984
- 📕Sequential bargaining in a small market with asymmetric informationGiovanni De Fraja · 1993
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
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