منابع مشابه
Side Payments in Marketing
John R. Hauser is the Kirin Professor of Marketing, Massachusetts Institute of Technology, Sloan School of Management, 38 Memorial Drive, E56-314, Cambridge, MA 02142, (617) 253-2929, (617) 258-7597 fax. Duncan I. Simester is an Associate Professor of Marketing, Massachusetts Institute of Technology, Sloan School of Management, 38 Memorial Drive, E56-329, Cambridge, MA 02142. Birger Wernerfelt ...
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We consider repeated games with side-payments: players have an endowment of wealth in each period in which transfers can be made. We show that if endowments are large enough and the common discount factor high enough, then a strongly renegotiation–proof equilibrium (SRP) in the sense of Farrell and Maskin exists. As the discount factor goes to 1, the set of SRP payoffs converges to the set of e...
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I study two regions that are negotiating an agreement to internalize externalities. Local preferences are local information, but reluctance is, in equilibrium, signaled by delay. Conditions are derived for when it is efficient to restrict the attention to policies that are uniform across regions with and without side payments and when it is efficient to prohibit side payments in the negotiation...
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An extension of Von Neumann Morgenstern solution theory to cooperative games without side payments has been outlined in [1]. In this paper we revise some of the definitions given in [1] and prove that in the new theory every threeperson constant sum game is solvable (see [1, Theorem 1]). Other results that were formulated in [1] had already been proved in [2]. [1 ; 2] are also necessary for a f...
متن کاملMarshallian Money, Welfare, and Side-Payments
A link between a no-side-payment (NSP) market game and a sidepayment (SP) market game can be established by introducing a sufficient amount of an ideal utility-money of constant marginal utility to all agents. At some point when there is “enough money” in the system, if it is “well distributed” the new game will be a SP game. This game can also be related to a pure NSP game where a set of defau...
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ژورنال
عنوان ژورنال: Marketing Science
سال: 1997
ISSN: 0732-2399,1526-548X
DOI: 10.1287/mksc.16.3.246