Narrow search
Showing 1 - 10 of 35,603
Cover Image
On non-cooperative foundation and implementation of the Nash solution in subgame perfect equilibrium via Rubinstein's game
Duman, Papatya; Trockel, Walter - 2016
interpreted as a mechanism theoretical implementation of the Nash solution. Our results in the present paper provide exact non … of the above mentioned support results, including our present ones, with mechanism theoretic implementation in (weakly … implementation can hardly be found except in very rare cases of extremely restricted domains of players' preferences. …
Persistent link: https://www.econbiz.de/10011582516
Cover Image
On Non-Cooperative Foundation and Implementation of the Nash Solution in Subgame Perfect Equilibrium via Rubinstein's Game
Duman, Papatya - 2016
Persistent link: https://www.econbiz.de/10013000646
Cover Image
The coalitional Nash bargaining solution with simultaneous payoff demands
Nieva, Ricardo - 2015
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...
Persistent link: https://www.econbiz.de/10011296159
Cover Image
An experiment on the Nash program : comparing two strategic mechanisms implementing the shapley value
Chessa, Michela; Hanaki, Nobuyuki; Lardon, Aymeric; … - 2022
We experimentally compare two well-known mechanisms inducing the Shapley value as an ex ante equilibrium outcome of a noncooperative bargaining procedure: the demand-basedWinter's demand commitment bargaining mechanism and the offer-based Hart and Mas-Colell procedure. Our results suggest that...
Persistent link: https://www.econbiz.de/10013252966
Cover Image
The effect of choosing a proposer through a bidding procedure in implementing the Shapley value
Chessa, Michela; Hanaki, Nobuyuki; Lardon, Aymeric; … - 2022 - Revised August 2022
We experimentally compare a simplified version of two mechanisms that implement the Shapley value as an (ex ante) equilibrium outcome of a noncooperative bargaining procedure: one proposed by Hart and Mas-Colell (1996, H-MC) and the other by Perez-Castrillo and Wettstein (2001, PC-W). While H-MC...
Persistent link: https://www.econbiz.de/10013252972
Cover Image
An experimental Nash program : a comparison of non-cooperative v.s. cooperative bargaining experiments
Chessa, Michela; Hanaki, Nobuyuki; Lardon, Aymeric; … - 2023
This paper aims to contribute to the literature on Nash program by experimentally comparing the results of "structured" (non-cooperative) demand-based and offer-based mechanisms that implement the Shapley value as an ex-ante equilibrium outcome with the results of corresponding "semi-structured"...
Persistent link: https://www.econbiz.de/10014451922
Cover Image
Differential Games with Mixed Leadership : The Open-Loop Solution
Basar, Tamer; Bensoussan, Alain; Sethi, Suresh - 2020
This paper introduces the notion of mixed leadership in non-zero-sum differential games, where there is no fixed hierarchy in decision making with respect to the players. Whether a particular player is leader or follower depends on the instrument variable s/he is controlling, and it is possible...
Persistent link: https://www.econbiz.de/10014046271
Cover Image
Sixty-seven years of the Nash program : time for retirement?
Serrano, Roberto - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 1, pp. 35-48
The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10012503895
Cover Image
Slow and steady wins the race : approximating Nash equilibria in nonlinear quadratic tracking games
Blueschke, Dmitri; Blueschke-Nikolaeva, Victoria; … - 2015
We propose a meta-heuristic approach for solving nonlinear dynamic tracking games. In contrast to more "traditional" methods based on linear-quadratic (LQ) techniques, this derivative-free method is very flexible (e.g. to introduce inequality constraints). The meta-heuristic is applied to a...
Persistent link: https://www.econbiz.de/10011298509
Cover Image
An exact non-cooperative support for the sequential Raiffa solution
Trockel, Walter - 2009
is provided for subgame perfect equilibria. Finally, it is indicated how these results can be extended to implementation …
Persistent link: https://www.econbiz.de/10010272572