A one-period, simultaneous-offers bargaining game is analyzed in which, for each player, there is a small probability that his or her proposal will not reach the other player. The unique pure strategy equilibrium offers are identical to those of the Rubinstein (1982) infinite-horizon, alternating-offers bargaining game. This provides a novel interpretation of Rubinstein's result, as well as a new non-cooperative implementation of the Nash Bargaining Solution.
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A One-Period Version of Rubinstein's Bargaining Game
Robert Evans1
1St John’s College, Cambridge, UK, robert.evans@econ.cam.ac.uk
Citation Information: Contributions in Theoretical Economics. Volume 3, Issue 1, Pages –, ISSN (Online) 1534-5971, DOI: 10.2202/1534-5971.1066, January 2003
Publication History:
- Published Online:
- 2003-01-10
Keywords: Rubinstein bargaining; simultaneous offers; Nash bargaining solution
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