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A sequential bargaining protocol for land rental arrangements
Review of Economic Design ( IF 0.238 ) Pub Date : 2020-04-08 , DOI: 10.1007/s10058-020-00230-7
Alfredo Valencia-Toledo , Juan Vidal-Puga

We consider land rental between a single tenant and several lessors. The tenant should negotiate sequentially with each lessor for the available land. In each stage, we apply the Nash bargaining solution, as a short-cut to solving non-cooperative bargaining games. Our results imply that, when all land is necessary, a uniform price per unit is more favorable for the tenant than a lessor-dependent price. Furthermore, a lessor is better off with a lessor-dependent price only when negotiating first. For the tenant, lessors’ merging is relevant with lessor-dependent price but not with uniform price.

中文翻译:

土地租赁安排的顺序议价协议

我们考虑单个租户和几个出租人之间的土地租金。承租人应与每个出租人顺序协商可用土地。在每个阶段,我们都应用纳什议价解决方案,作为解决非合作议价博弈的捷径。我们的结果表明,当需要所有土地时,统一的价格对租户比出租人相关的价格更为有利。而且,只有在首先进行谈判时,出租人才能以与出租人相关的价格获得更好的收益。对于租户,出租人的合并与出租人依赖的价格有关,但与统一价格无关。
更新日期:2020-04-08
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