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Evolutionary Stability in Bargaining with an Asymmetric Breakdown Point
Torstensson, Pär - 2005
taken in the automata-selection process. We show that a MESS exists in the bargaining game and that agreement is reached …We study an asymmetric two-player bargaining game with risk of breakdown and no discounting. We characterize the … modified evolutionarily stable strategies (MESS) by modelling strategies as automata. Payoff and complexity considerations are …
Persistent link: https://www.econbiz.de/10013208492
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Extreme equilibria in a general negotiation model
Houba, Harold; Wen, Quan - 2007
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10011372980
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Alternating offers in economic environments
Houba, Harold - 2005
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary … vanishes, convergence to the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard …
Persistent link: https://www.econbiz.de/10011343949
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Stochastic orders of proposing players in bargaining
Houba, Harold - 2005
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …
Persistent link: https://www.econbiz.de/10011343950
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Perfect equilibria in a negotiation model with different time preferences
Houba, Harold; Wen, Quan - 2006
bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10011348702
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Stochastic Orders of Proposing Players in Bargaining
Houba, Harold - Tinbergen Instituut - 2005
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …
Persistent link: https://www.econbiz.de/10011255513
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Costless Delay in Negotiations
Herings, P. Jean-Jacques; Houba, Harold - Tinbergen Instituut - 2015
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10011255692
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Alternating Offers in Economic Environments
Houba, Harold - Tinbergen Instituut
bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect … the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard optimization …
Persistent link: https://www.econbiz.de/10011256390
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Preopening and Equilibrium Selection
Calcagno, Riccardo; Lovo, Stefano - Tinbergen Instituut - 2010
We introduce a form of pre-play communication that we call "preopening". During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...
Persistent link: https://www.econbiz.de/10011257235
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Perfect Equilibria in a Negotiation Model with Different Time Preferences
Houba, Harold; Wen, Quan - Tinbergen Instituut - 2006
bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10011257339