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Non-cooperative games with chained confirmed proposals

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  • Giuseppe Attanasi
  • Aurora García Gallego
  • Nikolaos Georgantzís
  • Aldo Montesano

Abstract

We propose a bargaining process with alternating proposals as a way of solving non-cooperative games, giving rise to Pareto efficient agreements which will, in general, differ from the Nash equilibrium of the constituent games.

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File URL: http://www2.toulouse.inra.fr/lerna/travaux/cahiers2010/10.02.308.pdf
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Bibliographic Info

Paper provided by LERNA, University of Toulouse in its series LERNA Working Papers with number 10.02.308.

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Date of creation: Jan 2010
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Handle: RePEc:ler:wpaper:10.02.308

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  1. Alessandro Innocenti, 2005. "Linking Strategic Interaction and Bargaining Theory. The Harsanyi - Schelling Debate on the Axiom of Symmetry," Department of Economics University of Siena 468, Department of Economics, University of Siena.
  2. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
  3. J. Ochs & Alvin E. Roth, 1998. "An experimental study of sequential bargaining," Levine's Working Paper Archive 331, David K. Levine.
  4. Friedman, James W, 1971. "A Non-cooperative Equilibrium for Supergames," Review of Economic Studies, Wiley Blackwell, vol. 38(113), pages 1-12, January.
  5. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  6. Sutton, John, 1986. "Non-cooperative Bargaining Theory: An Introduction," Review of Economic Studies, Wiley Blackwell, vol. 53(5), pages 709-24, October.
  7. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June.
  8. Muthoo, Abhinay, 1991. "A Note on Bargaining over a Finite Number of Feasible Agreements," Economic Theory, Springer, vol. 1(3), pages 290-92, July.
  9. Nikos Nikiforakis & Hans-Theo Normann & Brian Wallace, 2007. "Asymmetric Enforcement of Cooperation in a Social Dilemma," Department of Economics - Working Papers Series 982, The University of Melbourne.
  10. Sutton, John, 1987. "Bargaining experiments," European Economic Review, Elsevier, vol. 31(1-2), pages 272-284.
  11. Neelin, Janet & Sonnenschein, Hugo & Spiegel, Matthew, 1988. "A Further Test of Noncooperative Bargaining Theory: Comment," American Economic Review, American Economic Association, vol. 78(4), pages 824-36, September.
  12. Cubitt, Robin P & Sugden, Robert, 1994. "Rationally Justifiable Play and the Theory of Non-cooperative Games," Economic Journal, Royal Economic Society, vol. 104(425), pages 798-803, July.
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Cited by:
  1. Attanasi, Giuseppe & Garcia-Gallego, Aurora & Georgantzis, Nikolaos & Montesano, Aldo, 2011. "An Experiment on Prisoner’s Dilemma with Confirmed Proposals," LERNA Working Papers 11.23.357, LERNA, University of Toulouse.
  2. Attanasi, Giuseppe & Garcia-Gallego, Aurora & Georgantzis, Nikolaos & Montesano, Aldo, 2011. "An Experiment on Prisoner’s Dilemma with Confirmed Proposals," TSE Working Papers 11-274, Toulouse School of Economics (TSE).

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