Bargaining with commitments
AbstractWe study a simple bargaining mechanism in which each player puts a prize to his resources before leaving the game. The only expected final equilibrium payoff can be defined by means of selective marginal contributions vectors, and it coincides with the Shapley value for convex games. Moreover, for 3-player games the selective marginal contributions vectors determine the core when it is nonempty.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 0306002.
Length: 19 pages
Date of creation: 24 Jun 2003
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Note: Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 19 ; figures: none
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demand commitment game bargaining;
Other versions of this item:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
This paper has been announced in the following NEP Reports:
- NEP-GTH-2003-07-04 (Game Theory)
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