IFREE/ESI Lecture Series Presents: Charles Thomas, Ph.D., “An Alternating-Offers Model of Multilateral Negotiations”
Sept. 28th, Charles Thomas, Ph.D. – An Alternating-Offers Model of Multilateral Negotiations Abstract: I modify a standard infinite-horizon alternating-offers model of bilateral negotiations to analyze multilateral negotiations, an exchange process in which a buyer attempts to purchase from one of several sellers offering potentially different amounts of surplus to be split. Rival sellers constrain the