Perfect Equilibria of a Model of N-Person Noncooperative Bargaining
AbstractWe study the set of subgame perfect equilibria associated with the "n"-person noncooperative bargaining mechanism proposed by Hart and Mas-Colell (1992). Our results pertain to transferable utility games. The set of perfect equilibria depends on the parameter representing the "continuation probability," [rho]. For general TU games, we characterize the set of payoffs from perfect equilibria for (1) small values of [rho]; and (2) large values of [rho]. For symmetric games a complete characterization for all values of [rho] is provided.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 10.
Length: 17 pages
Date of creation: 1993
Date of revision:
Other versions of this item:
- Krishna, Vijay & Serrano, Roberto, 1995. "Perfect Equilibria of a Model of N-Person Noncooperative Bargaining," International Journal of Game Theory, Springer, Springer, vol. 24(3), pages 259-72.
- Krishna, V. & serrano, R., 1993. "Perfect Equilibria of a Model of N-Person Noncooperative Bargaining," Papers, Pennsylvania State - Department of Economics 10-93-31, Pennsylvania State - Department of Economics.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Yuan Ju & David Wettstein, 2009.
"Implementing cooperative solution concepts: a generalized bidding approach,"
Economic Theory, Springer,
Springer, vol. 39(2), pages 307-330, May.
- Yuan Ju & David Wettstein, 2006. "Implementing Cooperative Solution Concepts: a Generalized Bidding Approach," Keele Economics Research Papers, Centre for Economic Research, Keele University KERP 2006/06, Centre for Economic Research, Keele University.
- Ju, Y. & Wettstein, D., 2006. "Implementing Cooperative Solution Concepts: A Generalized Bidding Approach," Discussion Paper, Tilburg University, Center for Economic Research 2006-42, Tilburg University, Center for Economic Research.
- Nicolás Porteiro, 2007. "An Efficient and Egalitarian Negotiation Procedure for Economies with Externalities," Social Choice and Welfare, Springer, Springer, vol. 28(1), pages 19-40, January.
- Joosung Lee, 2013. "Bargaining and Buyout," 2013 Papers, Job Market Papers ple701, Job Market Papers.
- Roberto Serrano, 2005.
"Fifty years of the Nash program, 1953-2003,"
Investigaciones Economicas, Fundación SEPI,
Fundación SEPI, vol. 29(2), pages 219-258, May.
- Ju, Yuan, 2012. "Reject and renegotiate: The Shapley value in multilateral bargaining," Journal of Mathematical Economics, Elsevier, vol. 48(6), pages 431-436.
- Perez-Castrillo, David & Wettstein, David, 2001.
"Bidding for the Surplus : A Non-cooperative Approach to the Shapley Value,"
Journal of Economic Theory, Elsevier,
Elsevier, vol. 100(2), pages 274-294, October.
- David Pérez-Castrillo & David Wettstein, . "Bidding For The Surplus: A Non-Cooperative Approach To The Shapley Value," UFAE and IAE Working Papers, Unitat de Fonaments de l'AnÃ lisi EconÃ²mica (UAB) and Institut d'AnÃ lisi EconÃ²mica (CSIC) 461.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Roberto Serrano, 2007.
"Cooperative Games: Core And Shapley Value,"
Working Papers, CEMFI
- Corominas-Bosch, Margarida, 2000. "Bargaining with asymmetric threat points," Economics Letters, Elsevier, Elsevier, vol. 69(3), pages 333-339, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.