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

Duman, Papatya; Trockel, Walter - 2016

interpreted as a mechanism theoretical implementation of the Nash solution. Our results in the present paper provide exact non … of the above mentioned support results, including our present ones, with mechanism theoretic implementation in (weakly … implementation can hardly be found except in very rare cases of extremely restricted domains of players' preferences. …

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

Sixty-seven years of the Nash program : time for retirement?

Serrano, Roberto - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 1, pp. 35-48

The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...

Persistent link: https://www.econbiz.de/10012503895

Rational bargaining in games with coalitional externalities

Borm, Peter; Ju, Yuan; Wettstein, David - In: Journal of economic theory 157 (2015), pp. 236-254

Persistent link: https://www.econbiz.de/10011525259

Contracting with externalities and outside options

Bloch, Francis; Gomes, Armando R. - 2004

Persistent link: https://www.econbiz.de/10002154849

When Rationality and Fairness Conflict : The Role of Cognitive-Control in the Ultimatum Game

Halali, Eliran; Bereby-Meyer, Yoella; Meiran, Nachshon - 2011

The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...

Persistent link: https://www.econbiz.de/10014181014

Dominant Strategy Implementation of Bargaining Solutions

Mizukami, Hideki; Wakayama, Takuma - 2020

We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...

Persistent link: https://www.econbiz.de/10014041039

Negotiation-Proof Nash Equilibrium

Xue, Licun - 2001

This paper defines "negotiation-proof Nash equilibrium", a notion that applies to environments where players can negotiate openly and directly prior to the play of a noncooperative game. It recognizes the possibility that a group of self-interested players may choose, voluntarily and without...

Persistent link: https://www.econbiz.de/10014139588

Efficient Coalitional Bargaining with Noncontingent Offers II : Sequential Proposer Protocol

Chaturvedi, Rakesh - 2017

A new feature pertaining to proposer's ability to implement offers is introduced in the extensive form bargaining mechanism studied in Chatterjee et. al. (1993). This mechanism is used to analyze two classes of coalitional games with transferable utility. One class is that of strictly...

Persistent link: https://www.econbiz.de/10012963352

A Noncooperative Foundation of the Neutral Bargaining Solution

Kim, Jin Yeub - 2017

This paper studies Myerson's neutral bargaining solution for a class of Bayesian bargaining problems in which the solution is unique. For this class of examples, I consider a noncooperative mechanism-selection game. I find that all of the interim incentive efficient mechanisms can be supported...

Persistent link: https://www.econbiz.de/10012971425

The Coalitional Nash Bargaining Solution with Simultaneous Payoff Demands

Nieva, Ricardo - 2015

We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...

Persistent link: https://www.econbiz.de/10013019277