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A non-cooperative approach to the ordinal Shapley rule

  • Vidal-Puga, Juan

In bargaining problems, a rule satisfies ordinal invariance if it does not depend on order-preserving transformations of the agents' utilities. In this paper, a simple non-cooperative game for three agents, based on bilateral offers, is presented. The ordinal Shapley rule arises in subgame perfect equilibrium as the agents have more time to reach an agreement.

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File URL: http://mpra.ub.uni-muenchen.de/43790/1/MPRA_paper_43790.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43790.

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Date of creation: 14 Jan 2013
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Handle: RePEc:pra:mprapa:43790
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  1. Calvo, Emilio & Peters, Hans, 2005. "Bargaining with ordinal and cardinal players," Games and Economic Behavior, Elsevier, vol. 52(1), pages 20-33, July.
  2. Alvin E Roth, 2008. "Axiomatic Models of Bargaining," Levine's Working Paper Archive 122247000000002376, David K. Levine.
  3. Sergiu Hart & Andreu Mas-Colell, 1994. "Bargaining and value," Economics Working Papers 114, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 1995.
  4. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
  5. Perez-Castrillo, David & Wettstein, David, 2006. "An ordinal Shapley value for economic environments," Journal of Economic Theory, Elsevier, vol. 127(1), pages 296-308, March.
  6. Bennett, Elaine, 1997. "Multilateral Bargaining Problems," Games and Economic Behavior, Elsevier, vol. 19(2), pages 151-179, May.
  7. David Pérez-Castrillo & David Wettstein, 2005. "Implementation of the Ordinal Shapley Value for a three-agent economy," UFAE and IAE Working Papers 647.05, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  8. Özgür Kıbrıs, 2012. "Nash bargaining in ordinal environments," Review of Economic Design, Springer, vol. 16(4), pages 269-282, December.
  9. Kibris, Ozgur, 2004. "Egalitarianism in ordinal bargaining: the Shapley-Shubik rule," Games and Economic Behavior, Elsevier, vol. 49(1), pages 157-170, October.
  10. David Pérez-Castrillo & David Wettstein, . "Bidding For The Surplus: A Non-Cooperative Approach To The Shapley Value," UFAE and IAE Working Papers 461.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  11. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  12. Mutuswami, Suresh & Winter, Eyal, 2002. "Subscription Mechanisms for Network Formation," Journal of Economic Theory, Elsevier, vol. 106(2), pages 242-264, October.
  13. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
  14. repec:ebl:ecbull:v:3:y:2005:i:48:p:1-8 is not listed on IDEAS
  15. Bag, Parimal Kanti & Winter, Eyal, 1999. "Simple Subscription Mechanisms for Excludable Public Goods," Journal of Economic Theory, Elsevier, vol. 87(1), pages 72-94, July.
  16. David P�rez-Castrillo & David Wettstein, 2002. "Choosing Wisely: A Multibidding Approach," American Economic Review, American Economic Association, vol. 92(5), pages 1577-1587, December.
  17. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-30, October.
  18. Kibris, Ozgur, 2004. "Ordinal invariance in multicoalitional bargaining," Games and Economic Behavior, Elsevier, vol. 46(1), pages 76-87, January.
  19. Roberto Serrano, 2004. "Fifty Years of the Nash Program, 1953-2003," Working Papers 2004-20, Brown University, Department of Economics.
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