Bargaining game with asymmetric information about a bargaining power
Teruhisa Nakai
Abstract
Teruhisa Nakai
Abstract
This paper considers a bargaining problem between two negotiators containing an uncertain bargaining power. This problem is formulated as a static game of incomplete information. We consider several information patterns about a bargaining power and obtain linear Bayesian Nash equilibriums.
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This paper considers a bargaining problem between two negotiators containing an uncertain bargaining power. This problem is formulated as a static game of incomplete information. We consider several information patterns about a bargaining power and obtain linear Bayesian Nash equilibriums.
Key concepts: Bargaining problem, Complete information, Bargaining power, Bayesian game, Microeconomics, Economics, Mathematical economics, Information asymmetry