Weighted Solidarity Values
AbstractWe present a noncooperative bargaining protocol among n players, applied to the setting of cooperative games in coalitional form with transferable utility. In this model, players are chosen randomly to make proposals until one is accepted unanimously, and after each proposal rejection, the probability that players leave the game increases. If after a rejection, some players withdraw the bargaining, the remaining players continue the process. We define a new family of values, called the weighted solidarity values, and we show that these values arise as the associated equilibrium payoffs of this bargaining protocol. In these values players have an altruistic behavior between them as the null player property is not satisfied.
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Bibliographic InfoPaper provided by University of Valencia, ERI-CES in its series Discussion Papers in Economic Behaviour with number 0212.
Date of creation: Mar 2012
Date of revision:
n-person bargaining; coalitional games; altruism; Solidarity value; Shapley value;
Find related papers by JEL classification:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
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