ON THE STRATEGIC ROLE OF OUTSIDE OPTIONS IN BILATERAL BARGAINING
成果类型：
Article
署名作者：
MUTHOO, A
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.43.2.292
发表日期：
1995
页码：
292-297
关键词：
摘要：
This paper studies a model of the situation in which two players are bargaining face-to-face over the partition of a unit size cake and, moreover, one of the players can choose to temporarily leave the negotiating table to search for an outside option. A main conclusion is that the equilibrium outcome does not depend on whether a bargainer is allowed (within the game form) to choose to return to the negotiating table to resume bargaining after having searched for some finite time. Moreover, it is shown that our strategic bargaining-search game approximately implements an appropriately defined Nash bargaining solution.