'Nash-in-Nash' Bargaining: A Microfoundation for Applied Work
نویسندگان
چکیده
منابع مشابه
Beyond Nash Bargaining Theory: The Nash Set*
We extend Nash's bargaining theory to non-convex and coalitional problems. This paper investigates the implications of Nash-like axioms for bilateral problems and the properties of consistency and converse consistency over multilateral settings. The result is a characterization of the Nash set of NTU games, defined as the solution concept where each pair of players is splitting the gains from t...
متن کاملThe Coalitional Nash Bargaining Solution∗
The coalitional Nash bargaining solution is defined to be the core allocation for which the Nash product is maximal. We consider a non-cooperative model in which one team may form. The grand team, consisting of all players, generates the largest surplus. But a smaller team may form. We show that as players get more patient if an efficient and stationary equilibrium exists, it must deliver payof...
متن کاملPure Strategy Nash Bargaining Solutions
A broad class of 2-person threat games for which a unique pure strategy Nash bargaining solution exists is characterized in terms of three, simple, empirically meaningful restrictions on the joint objective function: compact domain, continuity, and "corner concavity." Connectedness [in particular, convexity] of the strategy and payoff sets is not required. In addition, conditions are given for ...
متن کاملMonotone bargaining is Nash-solvable
Given two finite ordered sets A = {a1, . . . , am} and B = {b1, . . . , bn}, introduce the set of mn outcomes of the game O = {(a, b) | a ∈ A, b ∈ B} = {(ai, bj) | i ∈ I = {1, . . . ,m}, j ∈ J = {1, . . . , n}. Two players, Alice and Bob, have the sets of strategies X and Y that consist of all monotone non-decreasing mappings x : A → B and y : B → A, respectively. It is easily seen that each pa...
متن کاملNash bargaining and risk aversion
It is widely accepted among axiomatic bargaining theorists that if one bargainer is more risk averse than a second, the second will be a tougher bargaining opponent than the first against all opponents. We argue that this relationship between risk aversion and bargaining toughness is both highly fragile, and more nuanced than previously articulated. In the Nash and Kalai-Smorodinsky bargaining ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2832840