@techreport{fe9b8d66a36744e4bf72e0a3d85e66b6,
title = "Noncooperative Bargaining in Apex Games and the Kernel",
abstract = "This paper studies non-cooperative bargaining with random proposers in apex games. Two di¤erent protocols are considered: the egalitarian propocol, which selects each player to be the proposer with the same probability, and the proportional protocol, which selects each player with a probability proportional to his number of votes. Expected equilibrium payo¤s coincide with the kernel for the grand coalition regardless of the protocol. Expected payo¤s conditional on a coalition may depend on the protocol: given a coalition of the apex player with a minor player, an egalitarian protocol yields a nearly equal split whereas a proportional protocol leads to a proportional split.",
keywords = "noncooperative bargaining, apex games, kernel, random proposers",
author = "M.P. Montero",
note = "Pagination: 24",
year = "1999",
language = "English",
volume = "1999-61",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",
}