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We prove that for superadditive games a necessary and sufficient condition for the bargaining set to coincide with the core is that the monotonic cover of the excess game induced by a payoff be balanced for each imputation in the bargaining set. We present some new results obtained by verifying...
Persistent link: https://www.econbiz.de/10014192723
We survey some recent research results in the field of dynamic cooperative differential games with non-transferable utilities. Problems which fit into this framework occur for instance if a person has more than one objective he likes to optimize or if several persons decide to combine efforts in...
Persistent link: https://www.econbiz.de/10014049859
This paper explores the relationships between noncooperative bargaining games and the consistent value for non-transferable utility (NTU) cooperative games. A dynamic approach to the consistent value for NTU games is introduced: the consistent vector field. The main contribution of the paper is...
Persistent link: https://www.econbiz.de/10014069012
This paper explores the relationships between noncooperative bargaining games and the consistent value for non-transferable utility (NTU) cooperative games. A dynamic approach to the consistent value for NTU games is introduced: the consistent vector field. The main contribution of the paper is...
Persistent link: https://www.econbiz.de/10014070389
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A solution for TU-games assigns a set of payoff distributions (possibly empty or consisting of a unique element) to every...
Persistent link: https://www.econbiz.de/10014028984
This paper studies market clearing in matching markets. The model is non-cooperative, fully decentralized, and in Markov strategies. Workers and firms bargain with each other to determine who will be matched with whom and at what terms of trade. Once a worker-firm pair reach agreement, they exit...
Persistent link: https://www.econbiz.de/10012020318
In the Nash Demand Game each of two players announces the share he demands of an amount of money that may be split between them. If the demands can be satisfied, they are; otherwise, neither player receives any money. This game has many pure-strategy Nash equilibria. This note characterizes...
Persistent link: https://www.econbiz.de/10014062730
In this paper we study competitive outcomes and endogenous coalition formation in a cooperative n-person transferable utility (TU) game from the viewpoint of general equilibrium theory. For any given game, we construct a competitive exchange coalition production economy corresponding to the...
Persistent link: https://www.econbiz.de/10014068636
This paper is a survey of the work in the Nash program for coalitional games, a research agenda proposed by Nash (1953) to bridge the gap between the non-cooperative and cooperative approaches to game theory.
Persistent link: https://www.econbiz.de/10010318959
For two-person complete-information strategic games with transferable utility, all major variable-threat bargaining and arbitration solutions coincide. This conuence of solutions by luminaries such as Nash, Harsanyi, Rai¤a, and Selten, is more than mere coincidence. Staying in the class of...
Persistent link: https://www.econbiz.de/10010592134