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The Stationary Equilibrium of Three-Person Cooperative Games: A Classification

Okada, Akira - Graduate School of Economics, Hitotsubashi University - 2012

We present a classification of all stationary subgame perfect equilibria of the random proposer model for a three-person cooperative game according to the level of efficiency. The efficiency level is characterized by the number of "central" players who join all equilibrium coalitions. The...

Persistent link: https://www.econbiz.de/10010584377

Non-cooperative Bargaining and the Incomplete Information Core

Okada, Akira - Graduate School of Economics, Hitotsubashi University - 2009

We consider information transmission in the core of an exchange economy with incomplete information by non … informational core. A coalition has an informational objection to the status-quo allocation if and only if there exists an … an allocation in the informational core. …

Persistent link: https://www.econbiz.de/10008495521

Non-cooperative Bargaining and the Incomplete Information Core

Okada, Akira - Graduate School of Economics, Hitotsubashi University - 2009

Persistent link: https://www.econbiz.de/10004992471

A Noncooperative Approach to General n-Person Cooperative Games

Okada, Akira - Graduate School of Economics, Hitotsubashi University - 2005

coalitional deviations. Our noncooperative approach leads to a new concept of the core, called the Nash core, for a cooperative … bargaining solution, if and only if the Nash bargaining solution belongs to the Nash core. The weights of players for the …

Persistent link: https://www.econbiz.de/10004992598

A Note on Aumann's Core Equivalence Theorem without Monotonicity

Honda, Jun; Takekuma, Shin-Ichi - Graduate School of Economics, Hitotsubashi University - 2009

In an exchange economy with a continuum of traders, we establish the equivalence theorem on the core and the set of … core equivalence theorems. The first one is for irreducible economies under Debreu's assumption on quasi-equilibria. The …

Persistent link: https://www.econbiz.de/10004998245