Bargaining and Cooperation in Strategic Form Games
AbstractIn this paper we view bargaining and cooperation as an interaction superimposed on a game in strategic form. A multistage bargaining procedure for N players, the "proposer commitment" procedure, is presented. It is inspired by Nash's two-player variable-threat model; a key feature is the commitment to "threats." We establish links to classical cooperative game theory solutions, such as the Shapley value in the transferable utility case. However, we show that even in standard pure exchange economies, the traditional coalitional function may not be adequate when utilities are not transferable. (JEL: C70, C71, C78, D70) (c) 2010 by the European Economic Association.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by MIT Press in its journal Journal of the European Economic Association.
Volume (Year): 8 (2010)
Issue (Month): 1 (03)
Contact details of provider:
Web page: http://www.mitpressjournals.org/jeea
Find related papers by JEL classification:
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Francoise Forges & Roberto Serrano, 2011.
"Cooperative Games with Incomplete Information: Some Open Problems,"
2011-15, Brown University, Department of Economics.
- Françoise Forges & Roberto Serrano, 2011. "Cooperative games with incomplete information: Some open problems," Working Papers 2011-14, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
- Forges, Françoise & Serrano, Roberto, 2013. "Cooperative Games with Incomplete Information : Some Open Problems," Open Access publications from UniversitÃ© Paris-Dauphine urn:hdl:123456789/8158, Université Paris-Dauphine.
- Forges, Françoise & Serrano, Roberto, 2013. "Cooperative Games with Incomplete Information : Some Open Problems," Economics Papers from University Paris Dauphine 123456789/8158, Paris Dauphine University.
- Zhigang Cao, 2011. "Remarks on Bargaining and Cooperation in Strategic Form Games," Discussion Paper Series dp565, The Center for the Study of Rationality, Hebrew University, Jerusalem.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.