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Assignment games with externalities and matching-based Cournot competition
Chen, Bo - 2013
existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … marginal effects of technology and human capital, the PAM is still a rational stable matching. However, if the substitutive …
Persistent link: https://www.econbiz.de/10010191642
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Core stability and core selection in a decentralized labor matching market
Nax, Heinrich H.; Pradelski, Bary S. R. - In: Games 7 (2016) 2, pp. 1-16
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through … are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011453256
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Cooperative strategic games
Kohlberg, Elon; Neyman, Abraham - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 825-851
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
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Externalities and Renegotiations in Three-Player Coalitional Bargaining
Gomes, Armando R. - 2004
This paper proposes a new solution concept to three-player coalitional bargaining problems. The coalitional bargaining problem is modeled as a dynamic non-cooperative game in which players make conditional or unconditional offers, coalitions continue to negotiate as long as there are gains from...
Persistent link: https://www.econbiz.de/10014035050
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Inner core, asymmetric nash bargaining solutions and competitive payoffs
Brangewitz, Sonja; Gamp, Jan-Philip - 2011
We investigate the relationship between the inner core and asymmetric Nash bargaining solutions for n-person bargaining … positive vectors of weights coincides with the inner core if all points in the underlying bargaining set are strictly positive … results on non-cooperative foundations of cooperative games. -- Inner Core ; Asymmetric Nash Bargaining Solution ; Competitive …
Persistent link: https://www.econbiz.de/10009268595
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On Maskin monotonicity of solution based social choice rules
Haake, Claus-Jochen (contributor);  … - 2007
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10003731672
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Learning from a piece of pie : the empirical content of Nash bargaining
Chiappori, Pierre-André (contributor);  … - 2006
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set of parameters [lamda] that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement...
Persistent link: https://www.econbiz.de/10003388467
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Learning from a Piece of Pie : The Empirical Content of Nash Bargaining
Chiappori, Pierre-Andre; Donni, Olivier - 2021
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set of parameters that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...
Persistent link: https://www.econbiz.de/10013317590
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Learning from a Piece of Pie : The Empirical Content of Nash Bargaining
Chiappori, Pierre-Andre; Donni, Olivier - 2006
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set a parameters λ that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...
Persistent link: https://www.econbiz.de/10014058235
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On the Sensitivity Matrix of the Nash Bargaining Solution
Engwerda, Jacob C.; Douven, Rudy - 2006
In this note we provide a characterization of a subclass of bargaining problems for which the Nash solution has the property of disagreement point monotonicity.While the original d-monotonicity axiom and its stronger notion, strong d-monotonicity, were introduced and discussed by Thomson [15],...
Persistent link: https://www.econbiz.de/10014065513