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equilibrium in pure stationary strategies whose limiting outcome as players get more patient is the core-constrained Nash …
Persistent link: https://www.econbiz.de/10012963352
cannot be implemented in Nash equilibrium. We find this results misleading and discuss how implementability of the Nash …
Persistent link: https://www.econbiz.de/10014070154
Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a new power configuration which takes into account bargaining among players in coalitions. We show that under very weak conditions on a bargaining solution there is a power...
Persistent link: https://www.econbiz.de/10010189489
Agents involved in a conflicting claims problem may be concerned with the proportion of their claims that is satisfied, or with the total amount they get. In order to relate both perspectives, we associate to each conflicting claims problem a bargaining-in-proportions set. Then, we obtain a...
Persistent link: https://www.econbiz.de/10010503395
Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a new power configuration which takes into account bargaining among players in coalitions. We show that under very weak conditions on a bargaining solution there is a power...
Persistent link: https://www.econbiz.de/10013079024
We first show through a counter-example that the existence result of Maskin: Bargaining, coalitions and externalities, Presidential address of the Econometric Society, 2003] does not extend beyond three players.Intuitively, the bargaining may not be able to continue because there may be no...
Persistent link: https://www.econbiz.de/10014176923
When there are three parties, instability problems brought about by the emptiness of the core of the corresponding cooperative game may cause the Coase Theorem to fail, even when other more direct impediments to bargaining are low. We show that the standard Coasean bargaining game involving...
Persistent link: https://www.econbiz.de/10014165917
This paper proves that bargaining can be equivalently depicted in a utility possibility curve, to derive the same unfair Nash solution. This paper confirms that there is no simple solution for bargaining, and that the so-called social indifference curve does not exist
Persistent link: https://www.econbiz.de/10012971021
foundation of the neutral bargaining solution by characterizing the solution as a unique coherent equilibrium allocation …
Persistent link: https://www.econbiz.de/10012971425
stationary subgame perfect Nash equilibrium of a standard non-cooperative bargaining model. Players' values are monotonically … negotiation strategies: the equilibrium value is the Nash bargaining solution when no bilateral coalitions form; the Shapley value …
Persistent link: https://www.econbiz.de/10014029063