Costly Bargaining and Renegotiation

DOI10.1111/1468-0262.00196zbMath1020.91004OpenAlexW2123438316MaRDI QIDQ4531006

Leonardo Felli, Luca Anderlini

Publication date: 28 May 2002

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: http://eprints.lse.ac.uk/3592/1/Costly_bargaining_and_renegotation.pdf

zbMATH Keywords

imperfect recallinefficient bargaining outcomesoptimal bargaining costsrenegotition

Mathematics Subject Classification ID

Decision theory (91B06) Cooperative games (91A12)

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Stable agreements through liability rules: a multi-choice game approach to the social cost problem ⋮ Coase theorem, complexity and transaction costs ⋮ Inefficiency in the shadow of unobservable reservation payoffs

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