A projected gradient dynamical system modelling the dynamics of bargaining
نویسندگان
چکیده
منابع مشابه
A projected gradient dynamical system modeling the dynamics of bargaining
We propose a projected gradient dynamical system as a model for a bargaining scheme for an asset for which the two interested agents have personal valuations which do not initially coincide. The personal valuations are formed using subjective beliefs concerning the future states of the world and the reservation prices are calculated using expected utility theory. The agents are not rigid concer...
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ژورنال
عنوان ژورنال: Journal of Difference Equations and Applications
سال: 2013
ISSN: 1023-6198,1563-5120
DOI: 10.1080/10236198.2011.623699