Houba, H. (2008). On Continuous Time Markov Processes in Bargaining Economics Letters, 100:280--283.
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Affiliated author
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Publication year2008
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JournalEconomics Letters
For bilateral stochastic bargaining procedures embedded in stable homogeneous continuous-time Markov processes, we show unusual limit results when time between rounds vanish. Standard convergence results require that some states are instantaneous. {\textcopyright} 2008.