Showing 1 - 10 of 42
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10003731672
Persistent link: https://www.econbiz.de/10003284971
Persistent link: https://www.econbiz.de/10003871692
Persistent link: https://www.econbiz.de/10003942049
This paper provides four axioms that uniquely characterize the sequential Raiffa solution proposed by Raiffa (1951, 1953) for two-person bargaining games. Three of these axioms are standard and are shared by several popular bargaining solutions. They suffice to characterize these solutions on...
Persistent link: https://www.econbiz.de/10003944553
This article provides an exact non-cooperative foundation of the sequential Raiffa solution for two person bargaining games. Based on an approximate foundation due to Myerson (1997) for any two-person bargaining game (S,d) an extensive form game G^S^d is defined that has an infinity of weakly...
Persistent link: https://www.econbiz.de/10003944582
For any abstract bargaining problem a non-cooperative one stage strategic game is constructed whose unique dominant strategies Nash equilibrium implements the Nash solution of the bargaining problem. -- Nash programm ; implementation ; Nash bargaining solution
Persistent link: https://www.econbiz.de/10009697464
Persistent link: https://www.econbiz.de/10010489255
These notes consist of two parts. In the first one I present a counter example to Proposition 3 of Anbarci & Sun (2013). In the second part I propose a correction based on an axiom similar to one used by Salonen (1988) in the first axomatization of the Discrete Raiffa solution.
Persistent link: https://www.econbiz.de/10009682620
The alternating offers game due to Rubinstein (1982) had been used by Binmore (1980) and by Binmore et.al. (1986) to provide via its unique subgame perfect equilibrium an approximate non-cooperative support for the Nash bargaining solution of associated cooperative two-person bargaining games....
Persistent link: https://www.econbiz.de/10011412680