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A bargaining approach to the Owen value and the Nash solution with coalition structure

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Author Info
Juan Vidal-Puga ()

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Abstract

The mechanism by Hart and Mas-Colell (1996) for non-transferable utility (NTU) games is generalized so that a coalition structure among players is taken into account. The new mechanism yields the Owen value for transferable utility (TU) games with coalition structure as well as the consistent value (Maschler and Owen 1989, 1992) for NTU games with trivial coalition structure. Furthermore, we obtain a solution for pure bargaining problems with coalition structure which generalizes the Nash (1950) bargaining solution. Copyright Springer-Verlag Berlin/Heidelberg 2005

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File URL: http://hdl.handle.net/10.1007/s00199-003-0446-4
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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 25 (2005)
Issue (Month): 3 (04)
Pages: 679-701
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Handle: RePEc:spr:joecth:v:25:y:2005:i:3:p:679-701

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Related research
Keywords: Bargaining; NTU game; Coalition structure; Owen value; Nash solution.;

Cited by:
(explanations, 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.)

  1. Juan Vidal-Puga, 2005. "The Harsanyi paradox and the 'right to talk' in bargaining among coalitions," Game Theory and Information 0501005, EconWPA. [Downloadable!]
  2. Juan Vidal-Puga, 2004. "Negotiating the membership," Game Theory and Information 0409003, EconWPA. [Downloadable!]
  3. Yuan Ju & David Wettstein, 2009. "Implementing cooperative solution concepts: a generalized bidding approach," Economic Theory, Springer, vol. 39(2), pages 307-330, May. [Downloadable!] (restricted)
    Other versions:
  4. Gustavo Bergantiños & Balbina Casas- Méndez & Gloria Fiestras- Janeiro & Juan Vidal-Puga, 2005. "A Focal-Point Solution for Bargaining Problems with Coalition Structure," Game Theory and Information 0511006, EconWPA. [Downloadable!]
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This page was last updated on 2009-11-25.

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