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Equilibrium selection in bargaining models

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  • Binmore, Ken
  • Samuelson, Larry
  • Young, Peyton

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 45 (2003)
Issue (Month): 2 (November)
Pages: 296-328

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Handle: RePEc:eee:gamebe:v:45:y:2003:i:2:p:296-328

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Web page: http://www.elsevier.com/locate/inca/622836

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References

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Please 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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  1. Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 661465000000000387, David K. Levine.
  2. M. Kandori & R. Rob, 2010. "Bandwagon Effects and Long Run Technology Choice," Levine's Working Paper Archive 501, David K. Levine.
  3. Rosenthal, Robert W., 1981. "Games of perfect information, predatory pricing and the chain-store paradox," Journal of Economic Theory, Elsevier, vol. 25(1), pages 92-100, August.
  4. M. Kandori & G. Mailath & R. Rob, 1999. "Learning, Mutation and Long Run Equilibria in Games," Levine's Working Paper Archive 500, David K. Levine.
  5. Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-18, May.
  6. Friedman, James W. & Rosenthal, Robert W., 1986. "A positive approach to non-cooperative games," Journal of Economic Behavior & Organization, Elsevier, vol. 7(3), pages 235-251, September.
  7. Rosenthal, Robert W, 1978. "Arbitration of Two-party Disputes under Uncertainty," Review of Economic Studies, Wiley Blackwell, vol. 45(3), pages 595-604, October.
  8. Young H. P., 1993. "An Evolutionary Model of Bargaining," Journal of Economic Theory, Elsevier, vol. 59(1), pages 145-168, February.
  9. Gale, Douglas & Rosenthal, Robert W., 2001. "Experimentation, Imitation, and Stochastic Stability: Addendum," Journal of Economic Theory, Elsevier, vol. 97(1), pages 164-174, March.
  10. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
  11. Noeldecke,Georg & Samuelson,Larry, . "An evolutionary analysis of backward and forward induction," Discussion Paper Serie B 228, University of Bonn, Germany.
  12. Gale, Douglas & Rosenthal, Robert W., 1999. "Experimentation, Imitation, and Stochastic Stability," Journal of Economic Theory, Elsevier, vol. 84(1), pages 1-40, January.
  13. Binmore,K. & Samuelson,L., 2002. "The evolution of focal points," Working papers 6, Wisconsin Madison - Social Systems.
  14. Ken Binmore & Larry Samuelson, 2002. "The Evolution of Focal Points," Economics Working Papers 0017, Institute for Advanced Study, School of Social Science.
  15. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  16. Young, H Peyton, 1998. "Conventional Contracts," Review of Economic Studies, Wiley Blackwell, vol. 65(4), pages 773-92, October.
  17. Brown, James N & Rosenthal, Robert W, 1990. "Testing the Minimax Hypothesis: A Re-examination of O'Neill's Game Experiment," Econometrica, Econometric Society, vol. 58(5), pages 1065-81, September.
  18. Robert W. Rosenthal, 1992. "Rules of Thumb in Games," Papers 0034, Boston University - Industry Studies Programme.
  19. Samuelson, Larry & Zhang, Jianbo, 1992. "Evolutionary stability in asymmetric games," Journal of Economic Theory, Elsevier, vol. 57(2), pages 363-391, August.
  20. Robert W. Rosenthal, 1992. "Bargaining Rules of Thumb," Papers 0033, Boston University - Industry Studies Programme.
  21. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
  22. Rubinstein, Ariel & Safra, Zvi & Thomson, William, 1992. "On the Interpretation of the Nash Bargaining Solution and Its Extension to Non-expected Utility Preferences," Econometrica, Econometric Society, vol. 60(5), pages 1171-86, September.
  23. Samuelson Larry, 1994. "Stochastic Stability in Games with Alternative Best Replies," Journal of Economic Theory, Elsevier, vol. 64(1), pages 35-65, October.
  24. Agastya, Murali, 2004. "Stochastic stability in a double auction," Games and Economic Behavior, Elsevier, vol. 48(2), pages 203-222, August.
  25. Ellison, Glenn, 1993. "Learning, Local Interaction, and Coordination," Econometrica, Econometric Society, vol. 61(5), pages 1047-71, September.
  26. Rosenthal, Robert W, 1989. "A Bounded-Rationality Approach to the Study of Noncooperative Games," International Journal of Game Theory, Springer, vol. 18(3), pages 273-91.
  27. Fernandez, Raquel & Rosenthal, Robert W, 1990. "Strategic Models of Sovereign-Debt Renegotiations," Review of Economic Studies, Wiley Blackwell, vol. 57(3), pages 331-49, July.
  28. Lang, Kevin & Rosenthal, Robert W, 2001. "Bargaining Piecemeal or All at Once?," Economic Journal, Royal Economic Society, vol. 111(473), pages 526-40, July.
  29. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
  30. Ellison, Glenn, 2000. "Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution," Review of Economic Studies, Wiley Blackwell, vol. 67(1), pages 17-45, January.
  31. Hart, Sergiu, 2002. "Evolutionary dynamics and backward induction," Games and Economic Behavior, Elsevier, vol. 41(2), pages 227-264, November.
  32. Binmore, Ken & Samuelson, Larry, 1999. "Evolutionary Drift and Equilibrium Selection," Review of Economic Studies, Wiley Blackwell, vol. 66(2), pages 363-93, April.
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Citations

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Cited by:
  1. Ross Cressman, 2009. "Continuously stable strategies, neighborhood superiority and two-player games with continuous strategy space," International Journal of Game Theory, Springer, vol. 38(2), pages 221-247, June.
  2. BOCHET, Olivier & KLAUS, Bettina & WALZL, Markus, 2007. "Dynamic recontracting processes with multiple indivisible goods," CORE Discussion Papers 2007061, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Andreozzi, Luciano, 2013. "Learning to be fair," Journal of Economic Behavior & Organization, Elsevier, vol. 90(C), pages 181-195.
  4. Dai, Darong & Shen, Kunrong, 2012. "A New Stationary Game Equilibrium Induced by Stochastic Group Evolution and Rational Individual Choice," MPRA Paper 40586, University Library of Munich, Germany, revised 09 Aug 2012.
  5. Andreozzi, Luciano, 2012. "Property rights and investments: An evolutionary approach," Games and Economic Behavior, Elsevier, vol. 74(1), pages 1-11.
  6. Naidu, Suresh & Hwang, Sung-Ha & Bowles, Samuel, 2010. "Evolutionary bargaining with intentional idiosyncratic play," Economics Letters, Elsevier, vol. 109(1), pages 31-33, October.
  7. Andreozzi, Luciano, 2010. "An evolutionary theory of social justice: Choosing the right game," European Journal of Political Economy, Elsevier, vol. 26(3), pages 320-329, September.
  8. Juana Santamaria-Garcia, 2004. "Equilibrium Selection In The Nash Demand Game. An Evolutionary Approach," Working Papers. Serie AD 2004-34, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  9. Hwang, Sung-Ha & Newton, Jonathan, 2014. "A classification of bargaining solutions by evolutionary origin," Working Papers 2014-02, University of Sydney, School of Economics.
  10. Bettina Klaus & Olivier Bochet & Markus Walzl, 2010. "A Dynamic Recontracting Process for Multiple-Type Housing Markets," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 10.02, Université de Lausanne, Faculté des HEC, DEEP.
  11. Herbert Dawid & Joern Dermietzel, 2006. "How Robust is the Equal Split Norm? Responsive Strategies, Selection Mechanisms and the Need for Economic Interpretation of Simulation Parameters," Computational Economics, Society for Computational Economics, vol. 28(4), pages 371-397, November.
  12. Julian J. Arevalo, 2005. "Gradual Nash Bargaining with Endogenous Agenda: A Path-Dependent Model," Game Theory and Information 0502004, EconWPA.
  13. Birendra K. Rai, 2006. "Evolution of Division Rules," Papers on Strategic Interaction 2006-27, Max Planck Institute of Economics, Strategic Interaction Group.
  14. Xiudeng Zheng & Ross Cressman & Yi Tao, 2011. "The Diffusion Approximation of Stochastic Evolutionary Game Dynamics: Mean Effective Fixation Time and the Significance of the One-Third Law," Dynamic Games and Applications, Springer, vol. 1(3), pages 462-477, September.
  15. Younghwan In, 2005. "A Fictitious-Play Model of Bargaining To Implement the Nash Solution," Departmental Working Papers wp0509, National University of Singapore, Department of Economics.
  16. Julián Arévalo, 2004. "Negociación Nash Gradual con Agenda Endógena: Un Modelo Trayectoria-Dependiente," Game Theory and Information 0407001, EconWPA.
  17. Kevin Hasker, 2014. "The Emergent Seed: A Representation Theorem for Models of Stochastic Evolution and two formulas for Waiting Time," Levine's Working Paper Archive 786969000000000954, David K. Levine.
  18. Bagnoli, Lidia & Negroni, Giorgio, 2013. "The evolution of conventions in minimum effort games," Research in Economics, Elsevier, vol. 67(3), pages 259-277.
  19. Marianna Belloc & Samuel Bowles, 2012. "The persistence of inferior cultural-institutional conventions," Working Papers 157, University of Rome La Sapienza, Department of Public Economics.

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