Showing 1 - 10 of 33
At each moment in time, some alternative from a finite set is selected by a dynamic process. Players observe the alternative selected and sequentially cast a yes or a no vote. If the set of players casting a yes–vote is decisive for the alternative in question,the alternative is accepted...
Persistent link: https://www.econbiz.de/10011133599
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show 1. non-existence of stationary subgame-perfect equilibrium SSPE. 2. the recursive equations and optimality conditions are...
Persistent link: https://www.econbiz.de/10011183211
We study the division of a surplus under majoritarian bargaining in the three-person case. In a stationary equilibrium as derived by Baron and Ferejohn 1989, the proposer offers one third times the discount factor of the surplus to a second player and allocates no payoff to the third player, a...
Persistent link: https://www.econbiz.de/10010856562
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
For two-person complete-information strategic games with transferable utility, all major variable-threat bargaining and arbitration solutions coincide. This confluence of solutions by luminaries such as Nash, Harsanyi, Raiffa, and Selten, is more than mere coincidence. Staying in the class of...
Persistent link: https://www.econbiz.de/10008804919
This paper proposes an equilibrium approach to belief manipulation and deception in which agents only have coarse knowledge of their opponent's strategy. Equilibrium requires the coarse knowledge available to agents to be correct, and the inferences and optimizations to be made on the basis of...
Persistent link: https://www.econbiz.de/10010706736
This paper proposes an equilibrium approach to belief manipulation and deception in which agents only have coarse knowledge of their opponent's strategy. Equilibrium requires the coarse knowledge available to agents to be correct, and the inferences and optimizations to be made on the basis of...
Persistent link: https://www.econbiz.de/10008790079
Persistent link: https://www.econbiz.de/10010385371
Persistent link: https://www.econbiz.de/10010386411
Persistent link: https://www.econbiz.de/10012625116