Pure Strategy Nash Bargaining Solutions
نویسنده
چکیده
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 the existence of a pure strategy Nash equilibrium threat solution. Connectedness of the strategy and payoff sets is again not required. PURE STRATEGY NASH BARGAINING SOLUTIONS* by Leigh Tesfatsion
منابع مشابه
A new interpretation of the Nash bargaining solution : fictitious play ∗
We provide a new interpretation of the Nash bargaining solution, using fictitious play. Based on the finding that the Nash demand game has the fictitious play property and that almost every fictitious play process and its associated belief path converge to a pure-strategy Nash equilibrium in the Nash demand game (In, 2014), we present two initial demand games which exactly and approximately imp...
متن کاملAxiomatic characterization of the Nash and Kalai Smorodinsky solutions for discrete bargaining problems
This paper addresses a problem in axiomatic bargaining, which is a natural variation of the classical models of Nash and Kalai Smorodinsky. Departure from the convexity assumption is justi ed by situations where probability mixture of pure outcomes cannot be implemented. Applications of such problems concern integer allocations of a homogeneous product between two agents, and the problem of fai...
متن کاملVehicle Routing Problem in Competitive Environment: Two-Person Nonzero Sum Game Approach
Vehicle routing problem is one of the most important issues in transportation. Among VRP problems, the competitive VRP is more important because there is a tough competition between distributors and retailers. In this study we introduced new method for VRP in competitive environment. In these methods Two-Person Nonzero Sum games are defined to choose equilibrium solution. Therefore, revenue giv...
متن کاملOn the Relevance of Alternatives in Bargaining: Average Alternative Solutions
We compare bargaining solutions in terms of the relevance of alternatives. We show that most well-known bargaining solutions do not use all the alternatives, but there are numerous bargaining solutions that do. We introduce a new class of bargaining solutions called ``average alternative solutions'', characterize them, and show that the Nash solution and the Kalai-Smorodinsky solution are limit...
متن کاملInterim Outcomes and Bargaining Solutions
In this paper, we employ a uni ed approach to Nashs two-person bargaining problem by using a class of axioms, which we term Common Disagreement Point (CDP) axioms. These axioms describe under what circumstances parties that expect to face sometimes uncertain nested or non-nested bargaining sets can reach interim outcomes. By doing so, these axioms portray a bargaining process, and thereby brid...
متن کامل