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This paper studies the standard version of the approval mechanism with two players in a common pool resource (CPR) extraction game. In the case of disapproval, the Nash extraction level is implemented. The paper investigates, experimentally, the extent to which the Nash threat leads to...
Persistent link: https://www.econbiz.de/10012650460
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … bargaining solution is the unique stationary subgameperfect equilibrium. …
Persistent link: https://www.econbiz.de/10011296159
This paper studies Myerson's neutral bargaining solution for a class of Bayesian bargaining problems in which the … foundation of the neutral bargaining solution by characterizing the solution as a unique coherent equilibrium allocation …
Persistent link: https://www.econbiz.de/10012971425
It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication … investigates cooperation and non-binding communication in a two-stage game. More specifically, two treatments are considered: one …-play communication only has a significant impact on cooperation when no intra-play communication is possible. The results suggest that …
Persistent link: https://www.econbiz.de/10009304243
household will be in different regimes depending on the distribution of income within the household. Any bargaining model with …
Persistent link: https://www.econbiz.de/10010293065
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10010325573
We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...
Persistent link: https://www.econbiz.de/10010326064
with other players (i.e., to make proposals about a division of the surplus of cooperation) when they are connected in the …
Persistent link: https://www.econbiz.de/10010326336
This article provides an exact non-cooperative foundation of the sequential Raiffa solution for two person bargaining … games. Based on an approximate foundation due to Myerson (1997) for any two-person bargaining game (S,d) an extensive form …
Persistent link: https://www.econbiz.de/10010272572