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This paper is a survey of the work in the Nash program for coalitional games, a research agenda proposed by Nash (1953) to bridge the gap between the non-cooperative and cooperative approaches to game theory.
Persistent link: https://www.econbiz.de/10010318959
approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …
Persistent link: https://www.econbiz.de/10014025454
This paper proposes a new solution concept to three-player coalitional bargaining problems. The coalitional bargaining … theory yields a unique stationary subgame perfect Nash equilibrium outcome - the coalitional bargaining value-that has an … bargaining solution, for games where the worth of all pairwise coalition is less than a third of the grand coalition value; the …
Persistent link: https://www.econbiz.de/10014035050
In the present work, agreement on allocation of payments from multiple issues requires unanimous consent of all parties involved. The agents are assumed to know the aggregate payoffs but do not know their decomposition by issues. This framework applies to many real-world problems, such as the...
Persistent link: https://www.econbiz.de/10011671885
We consider a generalization of the Minimum Cost Spanning Tree (MCST) model dubbed the Minimum Cost Connection Network … (MCCN) model, where network users have connection demands in the form of a pair of target nodes they want connected directly …, or indirectly. Given a network which satisfies all connection demands at minimum cost, the problem consists of allocating …
Persistent link: https://www.econbiz.de/10012242132
We consider a relational economy in which economic agents participate in three types of relational economic activities: autarkic activities; binary matching activities; and plural cooperative activities. We introduce a stability notion and characterize stable interaction structures, both in the...
Persistent link: https://www.econbiz.de/10012725147
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...
Persistent link: https://www.econbiz.de/10010191642
In many matching problems, it is natural to consider that agents may have preferences not only over the set of potential partners but also over what other matches occur. Once such externalities are considered, the set of stable matchings will depend on what agents believe will happen if they...
Persistent link: https://www.econbiz.de/10014067988
Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of … alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …
Persistent link: https://www.econbiz.de/10011591365
Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of … alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …
Persistent link: https://www.econbiz.de/10014076141