Economics, Econometrics and Finance
5 years ago

New bargaining model shakes up joint project surplus sharing dynamics!

International Economic Review
DECENTRALIZED ONE‐TO‐MANY BARGAINING
Chiu Yu Ko, Duozhe Li

Paper Summary

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The article explores how one person negotiates with multiple others to share project benefits. The negotiator can choose who to talk to each time. Different outcomes are possible, with certain payoffs guaranteed. Two common negotiation methods are discussed, with one being viable and the other not always effective.