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A Prospect Theory Nash Bargaining Solution and Its Stochastic Stability

Sawa, Ryoji - 2021

We consider the long-run outcomes of bargaining games when players obey prospect theory. We extend the evolutionary bargaining model of Young (1993) to a two-stage Nash demand game. Two players simultaneously choose whether to exercise an outside option in the first stage and play the Nash...

Persistent link: https://www.econbiz.de/10013250651

Alternating Offers in Economic Environments

Houba, Harold - 2005

The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...

Persistent link: https://www.econbiz.de/10014027815

On non-cooperative foundation and implementation of the Nash solution in subgame perfect equilibrium via Rubinstein's game

Duman, Papatya; Trockel, Walter - 2016

The alternating offers game due to Rubinstein (1982) had been used by Binmore (1980) and by Binmore et.al. (1986) to provide via its unique subgame perfect equilibrium an approximate non-cooperative support for the Nash bargaining solution of associated cooperative two-person bargaining games....

Persistent link: https://www.econbiz.de/10011412680

Alternating offers in economic environments

Houba, Harold - 2005

Persistent link: https://www.econbiz.de/10011343949

Stochastic orders of proposing players in bargaining

Houba, Harold - 2005

The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...

Persistent link: https://www.econbiz.de/10011343950

Preopening and equilibrium selection

Calcagno, Riccardo; Lovo, Stefano M. - 2010

We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their …

Persistent link: https://www.econbiz.de/10011380033

On Non-Cooperative Foundation and Implementation of the Nash Solution in Subgame Perfect Equilibrium via Rubinstein's Game

Duman, Papatya - 2016

Persistent link: https://www.econbiz.de/10013000646

Preopening and Equilibrium Selection

Calcagno, Riccardo - 2018

We introduce a form of pre-play communication that we call "preopening". During the preopening, players announce their …

Persistent link: https://www.econbiz.de/10012940661

Negotiating Cooperation Under Uncertainty : Communication in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2018

Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring …

Persistent link: https://www.econbiz.de/10012908872

Commitment without reputation : renegotiation-proof contracts under asymmetric information

Gerratana, Emanuele; Koçkesen, Levent - 2013

This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can sign renegotiable contracts with third-parties. Our aim is to understand the extent to which third-party contracts can be used as commitment devices when it is impossible to...

Persistent link: https://www.econbiz.de/10010222351