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Non-cooperative games with chained confirmed proposals

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  • Attanasi, Giuseppe
  • Garcia-Gallego, Aurora
  • Georgantzis, Nikolaos
  • Montesano, Aldo

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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Bibliographic Info

Paper provided by Toulouse School of Economics (TSE) in its series TSE Working Papers with number 10-192.

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Date of creation: Mar 2010
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Handle: RePEc:tse:wpaper:23342

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Keywords: Bargaining; Confirmed proposals; Confirmed agreement;

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  1. Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 252, David K. Levine.
  2. 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.
  3. Sutton, John, 1987. "Bargaining experiments," European Economic Review, Elsevier, vol. 31(1-2), pages 272-284.
  4. Nikos Nikiforakis & Hans-Theo Normann & Brian Wallace, 2010. "Asymmetric Enforcement of Cooperation in a Social Dilemma," Southern Economic Journal, Southern Economic Association, vol. 76(3), pages 638-659, January.
  5. Alessandro Innocenti, 2008. "Linking Strategic Interaction and Bargaining Theory: The Harsanyi-Schelling Debate on the Axiom of Symmetry," History of Political Economy, Duke University Press, vol. 40(1), pages 111-132, Spring.
  6. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  7. J. Ochs & Alvin E. Roth, 1998. "An experimental study of sequential bargaining," Levine's Working Paper Archive 331, David K. Levine.
  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. Friedman, James W, 1971. "A Non-cooperative Equilibrium for Supergames," Review of Economic Studies, Wiley Blackwell, vol. 38(113), pages 1-12, January.
  10. 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," TSE Working Papers 11-274, Toulouse School of Economics (TSE).
  2. 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.
  3. García-Gallego, Aurora & Georgantzís, Nikolaos & Hernán, Roberto & Kujal, Praveen, 2012. "Managing a duopolistic water market with confirmed proposals : an experiment. Gestión de un duopolio acuífero con propuestas confirmadas : un experimento," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/14981, Universidad Carlos III de Madrid.

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