Showing 1 - 10 of 1,279
Persistent link: https://www.econbiz.de/10005388330
The results of an experiment are reported where subjects played within a repeated random matching environment a simple game in extensive form. In this game backward induction based on the focal-point outcome in subgame yields an outcome different from the one that would be deduced using forward...
Persistent link: https://www.econbiz.de/10005028389
We call a set of strategies "uniformly evolutionary stable" if the following holds after a small mutation of a monomorphic population playing a strategy in the set: a) No mutant strategy can spread. b) Mutant strategies not in the set will be driven out. c) The meaning of a "small mutation" can...
Persistent link: https://www.econbiz.de/10005032174
We extend the notions of evolutionary stability and, for the first time, that of neutral stability to asymmetric games played between two populations. Stability with respect to simultaneous entry of a small proportion of mutants into both populations is considered. Allocations where neither...
Persistent link: https://www.econbiz.de/10004968318
Persistent link: https://www.econbiz.de/10005001475
We use the approach of the reduced Game Property and its converse to characterize the sets of stable and semistable demand vectors. It is shown that although these two concepts are generally very different their axiomatizations are almost the same. Regarding the semistable demand vector we...
Persistent link: https://www.econbiz.de/10005028220
In the present paper we discuss the notion of values for games with coalition structure, applying the approach suggested by Hart and Mas-Colell (1985) concerning the consistency property and the potential function. An axiomatic formulation of the values by this approach leads to two known values...
Persistent link: https://www.econbiz.de/10005028267
The multilinear extension has been shown to be an effective tool for computing the Shapley value of an n-person game. We modify here the method of the multilinear extension to calculate the modified (coalition) value for such games.
Persistent link: https://www.econbiz.de/10005028291
In a sequential bargaining model of coalition formation and payoff M division players form demands for their participation in a coalition. These M demands have some appealing, intuitive features. We characterize the sets of M semi-stable and stable demands vectors for general NTU games using M...
Persistent link: https://www.econbiz.de/10005028350
In this paper we analyze a simple non-cooperative bargaining model for coalition formation and payoff distribution for games in coalitional form. We show that under our bargaining regime a cooperative game is core-implementable and if it possesses the property of increasing returns to scale for...
Persistent link: https://www.econbiz.de/10005028370