Showing 1 - 10 of 399
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/10013079024
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/10010189489
This paper studies bargaining outcomes in economies in which agents may be able to impose outcomes that deviate from the relevant social norm, but incur costs when they decide to do so. It characterizes bargaining outcomes that are easiest to sustain as a social norm to which everybody will want...
Persistent link: https://www.econbiz.de/10012848904
I consider two-person bargaining problems in which mechanism is selected at the almost ex ante stage---when there is some positive probability that players may have learned their private types---and the chosen mechanism is implemented at the interim stage. For these problems, I define almost ex...
Persistent link: https://www.econbiz.de/10012854555
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
We consider an intertemporal game-theoretic framework in which different coalitions interact repeatedly over time. Both the terms of trade and the endogenous cooperation structure arising in this setup are characterized, in a protocol-free manner, when just three natural conditions are...
Persistent link: https://www.econbiz.de/10012936985