The demand bargaining set: general characterization and application to majority games
AbstractThe cooperative solution concept introduced here, the demand bargaining set, contains the core and is included in the Zhou bargaining set, eliminating the âdominatedâ coalition structures. The demand vectors belonging to the demand bargaining set are self-stable. In the class of constant-sum homogeneous weighted majority games the demand bargaining set is non-empty and predicts a unique demand vector, namely a proportional distribution within minimal winning coalitions. The noncooperative implementation of the demand bargaining set is obtained for all the games that satisfy the one-stage property.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 42 (2003)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/inca/622836
Other versions of this item:
- Massimo Morelli & Maria Montero, 2001. "The Demand Bargaining Set: General Characterization and Application to Majority Games," Economics Working Papers 0011, Institute for Advanced Study, School of Social Science.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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