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We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular...
Persistent link: https://www.econbiz.de/10009318588
We study a process of bargaining over alternatives represented by points in the unit interval. The paper focuses on the asymptotic behavior of the subgame perfect equilibrium in stationary strategies as the continuation probability approaches one. We give a complete characterization of the limit...
Persistent link: https://www.econbiz.de/10008507144
Persistent link: https://www.econbiz.de/10005159320
We study a model of non-cooperative multilateral unanimity bargaining on a full-dimensional payoff set. The probability distribution with which the proposing player is selected in each bargaining round follows an irreducible Markov process. If a proposal is rejected, negotiations break down with...
Persistent link: https://www.econbiz.de/10008860914
Persistent link: https://www.econbiz.de/10005117618