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Non-cooperative Implementation of the Nucleolus: The 3-Player Case

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Author Info
Serrano, Roberto

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Abstract

I present a non-cooperative bargaining game, in which responders may exit at any time and have endogenous outside options. When the order of proposers corresponds to the power that players have in the underlying coalitional function, the unique Markov perfect equilibrium outcome of the game is the prenucleolus. The result holds for 3-player superadditive games. An example shows that it cannot be extended to the same class of games for n players. The mechanism is inspired by the consistency property of the prenucleolus.

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Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 22 (1993)
Issue (Month): 4 ()
Pages: 345-57
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Handle: RePEc:spr:jogath:v:22:y:1993:i:4:p:345-57

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  1. Roberto Serrano, 2004. "Fifty Years of the Nash Program, 1953-2003," Working Papers 2004-20, Brown University, Department of Economics. [Downloadable!]
    Other versions:
  2. Roberto Serrano & Rajiv Vohra, 1999. "Bargaining and Bargaining Sets," Working Papers 99-18, Brown University, Department of Economics. [Downloadable!]
    Other versions:
  3. Gustavo Bergantiños & Luciano Méndez-Naya, 2000. "Implementation of the τ-value," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer, vol. 8(1), pages 31-41, June. [Downloadable!] (restricted)
  4. Sang-Chul Suh & Quan Wen, 2009. "A multi-agent bilateral bargaining model with endogenous protocol," Economic Theory, Springer, vol. 40(2), pages 203-226, August. [Downloadable!] (restricted)
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