Two support results for the Kalai-Smorodinsky solution in small object division markets
AbstractWe discuss two support results for the Kalai-Smorodinsky bargaining solution in the context of an object division problem involving two agents. Allocations of objects resulting from strategic interaction are obtained as a demand vector in a specific market. For the first support result games in strategic form are derived that exhibit a unique Nash equilibrium. The second result uses subgame perfect equilibria of a game in extensive form. Although there may be multiple equilibria, coordination problems can be removed.
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Bibliographic InfoPaper provided by Bielefeld University, Center for Mathematical Economics in its series Working Papers with number 366.
Length: 13 pages
Date of creation: Jun 2005
Date of revision:
support result; object division; market; Kalai-Smorodinsky solution;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D40 - Microeconomics - - Market Structure and Pricing - - - General
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