Multilateral Bargaining

Review of Economic Studies (1996) 63, 61-80

Multilateral Bargaining

VIJAY KRISHNA
The Pennsylvania State University
and
ROBERTO SERRANO
Brown University

First version received May 1993;$nu1 version accepted July 1995 (Eds.)

We study a multilateral bargaining procedure that extends Rubinstein's alternating offer
game to the case of n players. The procedure captures the notion of consistency in the sense
familiar in cooperative game theory and we use it to establish links to the axiomatic theory of
bargaining.