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the context of a reputational model of bargaining, we show that evolutionary stability necessitates the presence of …
Persistent link: https://www.econbiz.de/10005550888
, infinite- horizon bargaining game. The MESS concept modifies the idea of an neutrally stable strategy by favoring a simple …
Persistent link: https://www.econbiz.de/10005636443
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We study a simple evolutionary bargaining game and show that the efficiency of bargaining behavior can depend crucially …
Persistent link: https://www.econbiz.de/10005424109
We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have a lexicographic preference, second to the payoffs in the underlying game, for honesty. We formalize this by way of an honesty (or truth) correspondence between actions and...
Persistent link: https://www.econbiz.de/10005649475
The aim of this article is to distinguish between strategies in the Iterated Prisoner’s Dilemma on the basis of their relative performance in a given population set. We first define a natural order on such strategies that disregards isolated disturbances, by using the limit of...
Persistent link: https://www.econbiz.de/10011136117
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specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …
Persistent link: https://www.econbiz.de/10011257048
Does rational bargaining yield a social contract that is efficient and so inclusive? A core allocation, that is, an …
Persistent link: https://www.econbiz.de/10009294346