Adaptive Play in Multiplayer Bargaining Situations
Abstract
The author studies the dual issues of allocation and coalition formation in a model of social learning. For a class of economies which can be expressed in terms of a real valued characteristic function, he first shows that all self-perpetuating allocations realized from a simple bargaining game must be core allocations although players make simultaneous demands for surplus and only on their own behalf. Following this, the author provides a sufficient condition under which the society eventually learns to divide the surplus according to some core allocation, regardless of the initial history. Copyright 1997 by The Review of Economic Studies Limited.Download Info
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Bibliographic Info
Article provided by Wiley Blackwell in its journal Review of Economic Studies.
Volume (Year): 64 (1997)
Issue (Month): 3 (July)
Pages: 411-26
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Related research
Keywords:Other versions of this item:
- Murali Agastia, . "Adaptive Play in Multiplayer Bargaining Situations," ELSE working papers 007, ESRC Centre on Economics Learning and Social Evolution.
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Szikora Péter, 2011. "Tanítás értelmezhetõ-e, mint egy kooperatív dinamikus játék?," Proceedings- 9th International Conference on Mangement, Enterprise and Benchmarking (MEB 2011), Óbuda University, Keleti Faculty of Business and Management.
- Kareen Rozen, 2008.
"Conflict Leads to Cooperation in Nash Bargaining,"
Levine's Working Paper Archive
122247000000002086, David K. Levine.
- Kareen Rozen, 2008. "Conflict Leads to Cooperation in Nash Bargaining," Cowles Foundation Discussion Papers 1641, Cowles Foundation for Research in Economics, Yale University, revised Jun 2009.
- Rozen, Kareen, 2008. "Conflict Leads to Cooperation in Nash Bargaining," Working Papers 39, Yale University, Department of Economics.
- Agastya, Murali, 1999. "Perturbed Adaptive Dynamics in Coalition Form Games," Journal of Economic Theory, Elsevier, vol. 89(2), pages 207-233, December.
- Péter Szikora, 2012. "Dynamic cooperative models of coalition formation and the core," Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012), Óbuda University, Keleti Faculty of Business and Management.
- Tone Dieckmann; & Ulrich Schwalbe, 1998. "Dynamic Coalition Formation and the Core," Economics, Finance and Accounting Department Working Paper Series n810798, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
- Tone Dieckmann & Ulrich Schwalbe, 2000. "Dynamic Coalition Formation and the Core," Econometric Society World Congress 2000 Contributed Papers 1878, Econometric Society.
- Gerard van der Laan & Vitaly Pruzhansky, 2004. "Demand Adjustment in Coalitional Games," Tinbergen Institute Discussion Papers 04-121/1, Tinbergen Institute.
- Arnold, Tone & Schwalbe, Ulrich, 2002. "Dynamic coalition formation and the core," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 363-380, November.
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