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We look at the basic applications of cooperative game theory to economic situations. These include bargaining and …
Persistent link: https://www.econbiz.de/10010883241
. In our stochastic (alternating offer) bargaining experiment, there is a certain first-period pie and a known finite …
Persistent link: https://www.econbiz.de/10011011344
former spouses, in line with rules in Germany. The reference situation within the marriage is, on the one hand, Nash-bargaining …
Persistent link: https://www.econbiz.de/10005081022
Rubinstein bargaining model. The conditions encompass a class of non-convex or disconnected payoff sets with discontinuous Pareto … frontiers. Roughly speaking, the equilibrium is unique if the objective function of the corresponding Nash-bargaining game has a …
Persistent link: https://www.econbiz.de/10005081034
The paper investigates under which additional assumptions the bargaining set, the reactive bargaining set or the … semireactive bargaining set coincides with the core on the class of symmetric TU-games. Furthermore, we give an example which … illustrates that the property 'the bargaining set coincides with the core' is not a prosperity property. …
Persistent link: https://www.econbiz.de/10005081050
Bargaining" (GFB) rule, where a party may not demand more than it has previously demanded. The GFB rule significantly restricts …
Persistent link: https://www.econbiz.de/10005081053
We introduce a modified version of the Ultimatum game where people bargain over losses instead of gains. Results show that when people bargain over losses, they make more aggressive offers, in terms of their own monetary well-being, as compared to when they bargained over gains.
Persistent link: https://www.econbiz.de/10008455304
market that corresponds to the generalized Nash bargaining solution. The bargaining power of each party depends on the … division of the unclaimed surplus and the population sizes. The bargaining power of a given population will increase either …
Persistent link: https://www.econbiz.de/10004964046
sets of which are cephoids. We provide a version of the Shapley NTU value for such games based on the bargaining solution …
Persistent link: https://www.econbiz.de/10008493094
A model of coalition government formation is presented in which inefficient, non-minimal winning coalitions may form in Nash equilibrium. Predictions for five games are presented and tested experimentally. The experimental data support potential maximization as a refinement of Nash equilibrium....
Persistent link: https://www.econbiz.de/10004977746