A note on van Damme's mechanism
AbstractWe consider (two-person) bargaining games and we assume that the agents want to apply two possibly different bargaining solutions. A mechanism is a function which assigns an allocation to every bargaining game and every pair of bargaining solutions. Examining van Damme's mechanism (1986) from a cooperative point of view we see that it fails to satisfy Pareto-optimality. By modifying it we propose a new mechanism yielding the same conclusions as the original while enjoying some additional desirable properties.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 4 (1999)
Issue (Month): 2 ()
Note: Received: 8 August 1998 / Accepted: 15 October 1998
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Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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- Trockel,W., 2001. "Can and should the Nash program be looked at as a part of mechanism theory?," Working Papers 322, Bielefeld University, Center for Mathematical Economics.
- Naeve-Steinweg, E., 2004. "The averaging mechanism," Games and Economic Behavior, Elsevier, vol. 46(2), pages 410-424, February.
- Gadea-Blanco, Pedro & Giménez-Gómez, José Manuel & Marco-Gil, María del Carmen, 2013. "Some game-theoretic grounds for meeting people half-way," Working Papers 2072/220217, Universitat Rovira i Virgili, Department of Economics.
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