Showing 1 - 10 of 119
Persistent link: https://www.econbiz.de/10001372052
In this paper we view bargaining and cooperation as an interaction superimposed on a strategic form game. A multistage bargaining procedure for N players, the "proposer commitment" procedure, is presented. It is inspired by Nash's two-player variable-threat model; a key feature is the commitment...
Persistent link: https://www.econbiz.de/10014216550
Persistent link: https://www.econbiz.de/10008663775
Persistent link: https://www.econbiz.de/10010246297
Persistent link: https://www.econbiz.de/10003847555
In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in...
Persistent link: https://www.econbiz.de/10014061339
We exhibit and characterize an entire class of simple adaptive strategies, in the repeated play of a game, having the Hannan-consistency property: In the long-run, the player is guaranteed an average payoff as large as the best-reply payoff to the empirical distribution of play of the other...
Persistent link: https://www.econbiz.de/10014193803
Persistent link: https://www.econbiz.de/10008663774
Persistent link: https://www.econbiz.de/10003831394
Persistent link: https://www.econbiz.de/10003537310