Threat Bargaining Problems with Correlated Beliefs

01/06/1991

Threat Bargaining Problems with Correlated Beliefs

Lahiri Somdeb

Working Papers

  • facebook
  • linkedin
  • twitter
  • whatsapp

In this paper we provide a general framework for studying threat bargaining games with correlated beliefs. In this framework we obtain a characterization of the Kalai-Smorodinsky solution without any monotonicity assumption. The approach adds a dose of realism to the already existing literature on threat bargaining games.

IIMA