Oportunidades de comercio internacional eléctrico y reglas de reparto del beneficio modeladas por juegos de negociación repetidos
International electricity spot trade between two countries is modeled as a sequence of bargaining games, one for each trade opportunity. Each game has a benefit per time unit and random duration. There is a correspondence between this trade game and the bargaining game for the partition of a pie studied by Rubinstein. If the game admits the possibility of “money burning”, actions by a player to destroy surplus to punish the other player’s rejection of an offer, each game admits multiple inefficient perfect Nash equilibria, with delay in the partition. Conditions are found for the existence of predefined agreements between the players, sustaining efficient immediate partition in each game, as an alternative to inefficient Nash equilibria in the sequence of games.
|Date of creation:||Dec 2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (598) 2410-6449
Fax: (598) 2410-6450
Web page: http://www.fcs.edu.uy/subcategoria.php?SubCatId=48&CatId=53
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rubinstein, Ariel, 1982.
"Perfect Equilibrium in a Bargaining Model,"
Econometric Society, vol. 50(1), pages 97-109, January.
- Avery Christopher & Zemsky Peter B., 1994. "Money Burning and Multiple Equilibria in Bargaining," Games and Economic Behavior, Elsevier, vol. 7(2), pages 154-168, September.
When requesting a correction, please mention this item's handle: RePEc:ude:wpaper:3011. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Irene Musio)or (Héctor Pastori)
If references are entirely missing, you can add them using this form.