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Players adaptively learn how to bargain. A characteristic function describes the available surplus. The underlying bargaining game extends the Nash demand game by allowing subcoalitions to reach an agreement. Players' demands must be multiples of a money unit. We show that stochastically stable...
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We survey the recent literature on coordination games, where there is a conflictbetween risk dominance and payoff dominance. Our main focus is on models of local interactions, where players only interact with small subsets of the overall population rather than with society as a whole. We use...
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