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problem, termed the multi-core, wherein an agent consents to participate in the grand coalition if she can envision a … cooperating with the grand coalition rather than operating alone. An allocation is in the multi-core if all agents consent to … participate in the grand coalition. We provide a theorem characterizing the non-emptiness of the multi-core and show that the …
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This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
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This paper studies a noncooperative allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by Dagan et al. (1997) for bankruptcy problems. According to it, a player, the proposer, makes a proposal that the remaining players must accept or...
Persistent link: https://www.econbiz.de/10009578191
This study investigates in a two-stage two-player model how the decision to make an ultimatum and how much to demand depends on the impatience of the agents and the pie uncertainty. First, players simultaneously decide on their ultimatums. If the ultimatum(s) are compatible then the player(s)...
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We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the generalized equity principle formulated by Selten (1978) we derive three different equity rules. These equity rules can explain 43% of all o ers. Our within-subject design allows...
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We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...
Persistent link: https://www.econbiz.de/10011296159
equilibrium in pure stationary strategies whose limiting outcome as players get more patient is the core-constrained Nash … Bargaining Solution. For strictly supermodular games, Core is a binding constraint on Nash Bargaining Solution while for the …
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