The cooperative solution concept introduced here, the demand bargaining set, contains the core and is included in the Zhou bargaining set, eliminating the “dominated” coalition structures. The demand vectors belonging to the demand bargaining set are self-stable. In the class of constant-sum homogeneous weighted majority games the demand bargaining set is non-empty and predicts a unique demand vector, namely a proportional distribution within minimal winning coalitions. The noncooperative implementation of the demand bargaining set is obtained for all the games that satisfy the one-stage property.
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Paper provided by Institute for Advanced Study, School of Social Science in its series Economics Working Papers with number
0011.
Length: 27 pages Date of creation: Nov 2001 Date of revision: Publication status: Published in Games and Economic Behavior, Vol. 42(1) 2003, 146-64 Handle: RePEc:ads:wpaper:0011
Find related papers by JEL classification: C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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