Showing 1 - 10 of 1,099
In this paper, we develop a bargaining model where parties (or their intermediaries) make errors when reporting their …. This trade equilibrium is shown to converge to the Nash Bargaining Solution of the problem as trembles diminish. Finally …
Persistent link: https://www.econbiz.de/10011108870
In a recent article, Hahn [Hahn, S. (2008). The convergence of fictitious play in games with strategic complementarities. Economics Letters 99, 2, 304-306] claims to prove convergence of fictitious play in games with strategic complementarities. I show here that the proof is flawed and...
Persistent link: https://www.econbiz.de/10008545972
analyzing majority bargaining, where observed behavior contradicts existing theories but confirms RDA. Using parameter estimates … from majority bargaining, we then make out-of-sample predictions for Charness-Rabin, Engelmann-Strobel, and Bolton …
Persistent link: https://www.econbiz.de/10011110657
This paper examines a dynamic process of n-person coalitional bargaining problems. We study the stochastic evolution of … social conventions by embedding a static bargaining setting in a dynamic process; Over time agents revise their coalitions …
Persistent link: https://www.econbiz.de/10011111822
problem and Rubinstein bargaining. When players are naive about their own time consistency and sophisticated about their … opponent's, the common pool problem is exacerbated, and Rubinstein bargaining breaks down completely. …
Persistent link: https://www.econbiz.de/10011112832
joint profits of BM should be chosen and in the second one, during bargaining, the split of profit ought to be decided … Nash bargaining solution has been proposed as a tool for equitable split of profit in BM due to its rational conditions …
Persistent link: https://www.econbiz.de/10005621826
For the hypothetical deposit with parameters similar to KWB “Konin” S.A. conditions; lignite prices and proposed divisions are calculated and results were discussed under the angle of the fairness (equity) of the division and the possibility of their approval by both sides. A sensitivity...
Persistent link: https://www.econbiz.de/10005790457
Different structures of lignite mines and power stations, which have appeared on the Polish market as a result of its transformation and the privatisation, were discussed. The attention is focused on the fact that the practice is overtaking the theory because there is lack of models of...
Persistent link: https://www.econbiz.de/10005836050
For methods of the profit division in the bilateral monopoly of the mine and the power station sug-gested in the first part of this paper the formulae for lignite price and shares in the joint profit of the mine and the power station are calculated. The proposed profit division contain: the...
Persistent link: https://www.econbiz.de/10005836131
presented using a symmetric bargaining norm. Necessary conditions for settlement to arise are the destructibility of war, and …
Persistent link: https://www.econbiz.de/10005836940