On Continuous Time Markov Processes in Bargaining

H.E.D. Houba

doi:10.1016/j.econlet.2008.02.009

On Continuous Time Markov Processes in Bargaining

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

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. © 2008.

Original language	English
Pages (from-to)	280-283
Journal	Economics Letters
Volume	100
DOIs	https://doi.org/10.1016/j.econlet.2008.02.009
Publication status	Published - 2008

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title = "On Continuous Time Markov Processes in Bargaining",

abstract = "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.",

author = "H.E.D. Houba",

year = "2008",

doi = "10.1016/j.econlet.2008.02.009",

language = "English",

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journal = "Economics Letters",

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DO - 10.1016/j.econlet.2008.02.009

M3 - Article

VL - 100

SP - 280

EP - 283

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

ER -

On Continuous Time Markov Processes in Bargaining

Abstract

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