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Research Details

Multilateral Negotiations with Private Side-Deals: A Multiplicity Example, Economics Bulletin

Abstract

We study a multilateral negotiation procedure that allows for "partial agreements" in which responders are told only their own shares. Applications of our model include negotiations under "joint and several liability." Unlike previous models of multilateral bargaining with exit, we find that there are multiple equilibrium outcomes.

Type

Article

Author(s)

Sandeep Baliga, Roberto Serrano

Date Published

2001

Citations

Baliga, Sandeep, and Roberto Serrano. 2001. Multilateral Negotiations with Private Side-Deals: A Multiplicity Example. Economics Bulletin.(1): 1-7.

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