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We propose a nonempty-valued subsolution of the Mas-Colell Bargaining Set on the class of TU games satisfying grand coalition zero-monotonicity, a weaker condition than superadditivity, zero-monotonicity and balancedness. The subsolution is a slight modification of the Shapley-Shubik Quasi-Core....
Persistent link: https://www.econbiz.de/10005598533
Consider the problem of information disclosure for a planner who faces two agents interacting in a state-dependent multi-action prisoners’ dilemma. We find conditions under which the planner can make use of his superior information by disclosing some of it to the agents, and conditions under...
Persistent link: https://www.econbiz.de/10010845509
We study the set of subgame perfect equilibria associated with the "n"-person noncooperative bargaining mechanism proposed by Hart and Mas-Colell (1992). Our results pertain to transferable utility games. The set of perfect equilibria depends on the parameter representing the "continuation...
Persistent link: https://www.econbiz.de/10005598449
I present a non-cooperative bargaining game, in which responders may exit at any time and have endogenous outside options. When the order of proposers corresponds to the power that players have in the underlying coalitional function, the unique Markov perfect equilibrium outcome of the game is...
Persistent link: https://www.econbiz.de/10005598504