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 |
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Pages (from-to) | 280-283 |
Journal | Economics Letters |
Volume | 100 |
DOIs | |
Publication status | Published - 2008 |