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We experimentally compare a simplified version of two mechanisms that implement the Shapley value as an (ex ante) equilibrium outcome of a noncooperative bargaining procedure: one proposed by Hart and Mas-Colell (1996, H-MC) and the other by Perez-Castrillo and Wettstein (2001, PC-W). While H-MC...
Persistent link: https://www.econbiz.de/10013252972
This paper proposes a new solution concept to three-player coalitional bargaining problems. The coalitional bargaining problem is modeled as a dynamic non-cooperative game in which players make conditional or unconditional offers, coalitions continue to negotiate as long as there are gains from...
Persistent link: https://www.econbiz.de/10014035050
This paper aims to contribute to the literature on Nash program by experimentally comparing the results of "structured" (non-cooperative) demand-based and offer-based mechanisms that implement the Shapley value as an ex-ante equilibrium outcome with the results of corresponding "semi-structured"...
Persistent link: https://www.econbiz.de/10014451922
alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of …
Persistent link: https://www.econbiz.de/10014076141
A symmetric network consists of a set of positions and a set of bilateral links between these positions. Examples of … such networks are exchange networks, communication networks, disease transmission networks, control networks etc. For every … symmetric network we define a cooperative transferable utility game that measures the power of each coalition of positions in …
Persistent link: https://www.econbiz.de/10011343952
In this paper, we develop a new game theoretic network centrality measure based on the Shapley value. To do so, we …
Persistent link: https://www.econbiz.de/10012584076
We study fundamental properties of monotone network enterprises which contain public vertices and have positive and …
Persistent link: https://www.econbiz.de/10014206480
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … networks, such as connectivity, clustering, and the degree of the players, help to predict informed behavior in the lab. People …
Persistent link: https://www.econbiz.de/10013055226
Persistent link: https://www.econbiz.de/10010354731
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … networks, such as connectivity, clustering, and the degree of the players, help to predict informed behavior in the lab. People …
Persistent link: https://www.econbiz.de/10010344833