Bargaining with commitments
We 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.
|Date of creation:||24 Jun 2003|
|Date of revision:|
|Note:||Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 19 ; figures: none|
|Contact details of provider:|| Web page: http://126.96.36.199|
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.:
- Helmut Bester & J?sef S?ovics, .
"Delegated Bargaining And Renegotiation,"
UFAE and IAE Working Papers
440.99, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Abhinay Muthoo, .
"A Bargaining Model Based on the Commitment Tactic,"
Economics Discussion Papers
420, University of Essex, Department of Economics.
- Chaim Fershtman & Ehud Kalai, 1993.
1043, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- (*), Y. Stephen Chiu & Ani Dasgupta, 1998. "On implementation via demand commitment games," International Journal of Game Theory, Springer, vol. 27(2), pages 161-189.
- Michael L. Katz., 1991.
"Game-Playing Agents: Unobservable Contracts as Precommitments,"
Economics Working Papers
91-172, University of California at Berkeley.
- Michael L. Katz, 1991. "Game-Playing Agents: Unobservable Contracts as Precommitments," RAND Journal of Economics, The RAND Corporation, vol. 22(3), pages 307-328, Autumn.
- Katz, Michael L., 1991. "Game-Playing Agents: Unobservable Contracts as Precommitments," Department of Economics, Working Paper Series qt79b870w0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Haller, Hans & Holden, Steinar, 1997. "Ratification Requirement and Bargaining Power," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(4), pages 825-51, November.
- Winter, Eyal, 1994. "The Demand Commitment Bargaining and Snowballing Cooperation," Economic Theory, Springer, vol. 4(2), pages 255-73, March.
- Moldovanu, Benny & Winter, Eyal, 1994.
"Core implementation and increasing returns to scale for cooperation,"
Journal of Mathematical Economics,
Elsevier, vol. 23(6), pages 533-548, November.
- Moldovanu, Benny & Eyal Winter, 1993. "Core Implementation and Increasing Returns to Scale for Cooperation," Discussion Paper Serie B 289, University of Bonn, Germany.
- Harold Houba & Wilko Bolt, 1997. "Strategic bargaining in the variable threat game," Economic Theory, Springer, vol. 11(1), pages 57-77.
- Sergiu Hart & Andreu Mas-Colell, 1994.
"Bargaining and value,"
Economics Working Papers
114, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 1995.
- Crawford, Vincent P, 1982. "A Theory of Disagreement in Bargaining," Econometrica, Econometric Society, vol. 50(3), pages 607-37, May.
- Bennett, E. & van Damme, E.E.C., 1990.
"Demand commitment bargaining : The case of apex games,"
1990-62, Tilburg University, Center for Economic Research.
- Bennett, E. & Van Damme, E., 1990. "Demand Commitment Bargaining: -The Case Of Apex Games," Papers 9062, Tilburg - Center for Economic Research.
- Corts, Kenneth S. & Neher, Darwin V., 2003. "Credible delegation," European Economic Review, Elsevier, vol. 47(3), pages 395-407, June.
- Muthoo, Abhinay, 1992. "Revocable Commitment and Sequential Bargaining," Economic Journal, Royal Economic Society, vol. 102(411), pages 378-87, March.
- Vidal-Puga, Juan & Bergantinos, Gustavo, 2003. "An implementation of the Owen value," Games and Economic Behavior, Elsevier, vol. 44(2), pages 412-427, August.
- Selten,Reinhard, . "A demand commitment model of coalition bargaining," Discussion Paper Serie B 191, University of Bonn, Germany.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpga:0306002. 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: (EconWPA)
If references are entirely missing, you can add them using this form.