A Bargaining Model with Incomplete Information
重新审视Rubinstein的讨价还价模型,通过对非均衡路径信念施加单调性限制,排除由乐观猜想支持的均衡,并刻画了满足这些限制的序贯均衡。
Multiplicity of sequential equilibria is a common problem in bargaining models with incomplete information in which the informed player makes an offer. Most of these equilibria are supported by optimistic conjectures by the uninformed player. This paper re-examines the bargaining model in Rubinstein (1985a, b). Monotonicity restrictions are placed on off-the equilibrium-path beliefs to exclude equilibria supported by optimistic conjectures. Sequential equilibria that survive these restrictions are characterized.