Bargaining with Many Players: A Limit Result

Abstract

We provide a simple characterization of the stationary subgame perfect equilibrium of an alternating offers bargaining game when the number of players increases without a limit. Core convergence literature is emulated by increasing the number of players by replication. The limit allocation is interpreted in terms of Walrasian market for being the first proposer.non-cooperative bargaining, stationary equilibrium, replication, Walrasian market