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Sixty-seven years of the Nash program: time for retirement?

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  • Roberto Serrano

    (Brown University)

Abstract

The Nash program is an important research agenda initiated in Nash (Econometrica 21:128–140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for retirement, as it is full of energy and one can still propose important directions to be explored. This paper completes and updates previous surveys, and suggests several directions for future research.

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  • Roberto Serrano, 2021. "Sixty-seven years of the Nash program: time for retirement?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 12(1), pages 35-48, March.
    • Handle: RePEc:spr:series:v:12:y:2021:i:1:d:10.1007_s13209-020-00221-5
    DOI: 10.1007/s13209-020-00221-5
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    8. Bouwhuis, Dirck & Borm, Peter & Hendrickx, Ruud, 2023. "A Strategic Approach to Bankruptcy Problems Based on the TAL Family of Rules," Other publications TiSEM 250808dd-6109-4708-b175-d, Tilburg University, School of Economics and Management.
    9. Matt Van Essen & John Wooders, 2023. "Dual auctions for assigning winners and compensating losers," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(4), pages 1069-1114, November.
    10. Demeze-Jouatsa, Ghislain-Herman & Pongou, Roland & Tondji, Jean-Baptiste, 2021. "A Free and Fair Economy: A Game of Justice and Inclusion," Center for Mathematical Economics Working Papers 653, Center for Mathematical Economics, Bielefeld University.
    11. William Thomson, 2022. "On the axiomatic theory of bargaining: a survey of recent results," Review of Economic Design, Springer;Society for Economic Design, vol. 26(4), pages 491-542, December.
    12. Bouwhuis, Dirck & Borm, Peter & Hendrickx, Ruud, 2023. "A Strategic Approach to Bankruptcy Problems Based on the TAL Family of Rules," Discussion Paper 2023-020, Tilburg University, Center for Economic Research.
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    More about this item

    Keywords

    Nash program; Bargaining; Implementation;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • 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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