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Houba, H. (2007). Alternating Offers in Economic Environments Economics Letters, 96:316--324.

  • Journal
    Economics Letters
View publication

For positive time between proposals, stationary SPE (physical) allocations in alternating offers bargaining correspond to an asymmetric Nash bargaining solution. By the Maximum Theorem, convergence when time between proposals vanishes is immediate. Theoretical results are extended, numerical implementation is straightforward. {\textcopyright} 2007 Elsevier B.V. All rights reserved.