We are conducting a series of investigations whose primary objective is to demonstrate that boundedly rational agents, operating with fairly elementary computational mechanisms, can adapt to achieve approximately optimal strategies for bargaining with other agents in complex and dynamic environments of multilateral negotiations that humans find challenging. In this paper, we present results fro...

This paper presents a logical axiomatization of bargaining solutions. A bargaining situation is described in propositional logic and the bargainers’ preferences are quantified in terms of the logical structure of the bargaining situation. A solution to the n-person bargaining problems is proposed based on the maxmin rule over the degrees of bargainers’ satisfaction. We show that the solution is...

Despite the fact that bargaining plays an important role in business communications, it is largely neglected in e-business systems. In this paper a conceptual model that integrates bargaining into web-based e-business systems will be developed starting from an informal characterisation of the bargaining process. Bargaining can be formalised as a two-player game, and integrated with the co-desig...

in this paper, a new approach based on game theory has been proposed to multi responses problem optimization. game theory is a useful tool for decision making in the conflict of interests between intelligent players in order to select the best joint strategy for them through selecting the best joint desirability. present research uses the game theory approach via definition of each response as ...

According to the outside option principle the holdup problem can be lifted by structuring the post-investment bargaining stage in such a way that the non-investing party has a binding outside option. The investor then becomes residual claimant and has the appropriate incentives to invest. Theory predicts that investments increase when noninvestors' outside options increase from a non-binding lo...

This essay seeks to give a contractarian foundation to the concept of Corporate Social Responsibility (CSR), meant as an extended model of corporate governance of the firm. It focuses on justification according to the contractarian point of view (leaving compliance and implementation problems to a related article, [Sacconi 2004b, forthcoming in the Journal of Business Ethics]). It begins by pro...

In this article, the bankruptcy theory and bargaining games are used to construct a two-stage water resources allocation negotiation model (TSANM). A Nash-bargaining game is for initial allocation, followed by an adjustment stage which considers factors such as circumstances, satisfaction, risk, efficiency. The TSANM systematically multi-dimensional attributes of in process may likely increase ...

The main problem of the today’s IEEE 802.11 WLANs is the small number of available channels. In this paper we focus on a novel way of maximization of the network throughput and the provision of fairness which are key challenges in IEEE WLANs, using Game Theory. We examine two types of power control games, namely the non-cooperative and the cooperative power control game. In the case of non-coop...

This article is a survey on bargaining theory. The focus is the game theoretic approach to bargaining, both on its axiomatic and strategic counterparts. The application of bargaining theory to large markets and its connections with competitive allocations are also discussed. Journal of Economic Literature classification: C7. Bargaining In the simplest definition, we refer to bargaining as a soc...

The present article presents and discusses the recent controversy about the possibility and meaning of relating the game theoretic Nash program to mechanism theory. The non-cooperative foundation of the Nash bargaining solution is used as an example to shed light on the formal relation between traditional non-cooperative support of cooperative solutions and mechanism theoretic implementation of...