Graduation Year
2015
Date of Submission
12-2014
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Yaron Raviv
Terms of Use & License Information
Rights Information
© 2014 Nicholas Weiss
Abstract
This paper modifies the two-player Rubinstein bargaining game to include a third player. Analyzing the game through a dynamic model provides parametric changes that cause a longer negotiation period and fewer concessions from each player’s initial demand upon an agreement. The introduction of a free rider problem and limited computational abilities cause these consequences with the addition of a third player. The free rider problem discourages players from conceding their demands and since players have limited strategic abilities, the additional player requires more effort for players to understand the game and thus more time to understand the environment enough to reach an agreement.
Recommended Citation
Weiss, Nicholas, "Dynamic Bargaining Agreements Between Three Players" (2015). CMC Senior Theses. 1018.
https://scholarship.claremont.edu/cmc_theses/1018
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
