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The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10012503895
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 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
approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …
Persistent link: https://www.econbiz.de/10014025454
We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the …
Persistent link: https://www.econbiz.de/10010338950
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …
Persistent link: https://www.econbiz.de/10010191262
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 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
Bargaining Solution. For strictly supermodular games, Core is a binding constraint on Nash Bargaining Solution while for the …A new feature pertaining to proposer's ability to implement offers is introduced in the extensive form bargaining … 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
The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10014496060