Threat Bargaining Problems with Incomplete Information and Correlated Beliefs

01/01/1990

Threat Bargaining Problems with Incomplete Information and Correlated Beliefs

Lahiri Somdeb

Working Papers

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In this paper we provide a general framework for studying threat bargaining games with incomplete information and 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