In this paper we show that a bargaining game will yield a negotiated solution with certain reasonable properties if the rules of the game are appropriately restricted. The basic idea is to provide an incentive for all the group components to engage in a process of concessions until the point where some agreement is reached. The incentive consists of the threat of a preannounced "imposed" solution which will be enforced if no settlement can be reached.
MLA
Contini, Bruno, and Stanley Zionts. “Restricted Bargaining for Organizations with Multiple Objectives.” Econometrica, vol. 36, .no 2, Econometric Society, 1968, pp. 397-414, https://www.jstor.org/stable/1907497
Chicago
Contini, Bruno, and Stanley Zionts. “Restricted Bargaining for Organizations with Multiple Objectives.” Econometrica, 36, .no 2, (Econometric Society: 1968), 397-414. https://www.jstor.org/stable/1907497
APA
Contini, B., & Zionts, S. (1968). Restricted Bargaining for Organizations with Multiple Objectives. Econometrica, 36(2), 397-414. https://www.jstor.org/stable/1907497
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.