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equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games … offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … explicitly consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata …
Persistent link: https://www.econbiz.de/10005342231
survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games. … offers and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number of … consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata. It turns …
Persistent link: https://www.econbiz.de/10005489319
equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games … offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … explicitly consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata …
Persistent link: https://www.econbiz.de/10005702743
Even with complete information, two-person bargaining can generate a large number of equilibria, involving …, 1995) and (ii) costly bargaining games where there are transaction/participation costs (Anderlini and Felli, 2001). We show … perpetual disagreement that survives in costly bargaining games. We also find that introducing small transaction costs to …
Persistent link: https://www.econbiz.de/10005811529
some of which involve delay and inefficiency. Thus, complexity and bargaining in tandem may offer an explanation for … offers bargaining and repeated games. Generally, the negotiation game in general admits a large number of equilibriums but …
Persistent link: https://www.econbiz.de/10011258583
During history, an aggressive country seeks to force non-aggressive countries to made many concessions based on military force. In our paper we discuss the situation that one aggressive country is dissatisfied with its current position and try to obtain more concessions from a rival country. To...
Persistent link: https://www.econbiz.de/10011110447
This paper uses the complexity of non-competitive behaviour to provide a new justification for competitive equilibrium … heterogeneous sets of buyers and sellers and show that if the complexity costs of implementing strategies enter players’ preferences … done for sequential deterministic matching/bargaining models in which at any date either the identities of the matched …
Persistent link: https://www.econbiz.de/10005647515
We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and …
Persistent link: https://www.econbiz.de/10009760481
are no transaction costs, the outcome of this matching and bargaining game should be the unique competitive equilibrium … this game. In this paper, I consider Rubinstein and Wolinsky's model and show that if the complexity costs of implementing … matching models. Thus the paper demonstrates that complexity costs might have a role in providing a justification for the …
Persistent link: https://www.econbiz.de/10005593559
We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and …
Persistent link: https://www.econbiz.de/10013079939