Non-cooperative bargaining in apex games and the kernel

نویسنده

  • Maria Montero
چکیده

This paper studies non-cooperative bargaining with random proposers in apex games. Two di¤erent protocols are considered: the egalitarian propocol, which selects each player to be the proposer with the same probability, and the proportional protocol, which selects each player with a probability proportional to his number of votes. Expected equilibrium payo¤s coincide with the kernel for the grand coalition regardless of the protocol. Expected payo¤s conditional on a coalition may depend on the protocol: given a coalition of the apex player with a minor player, an egalitarian protocol yields a nearly equal split whereas a proportional protocol leads to a proportional

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Pricing and Advertising Decisions in a Three-level Supply Chain with Nash, Stackelberg and Cooperative Games

Pricing and advertising are two important marketing strategies in the supply chain management which lead to customer demand’s increase and therefore higher profit for members of supply chains. This paper considers advertising, and pricing decisions simultaneously for a three-level supply chain with one supplier, one manufacturer and one retailer. The amount of market demand is influenced ...

متن کامل

Reinterpreting the Kernel

The reduced game relevant for the consistency of the prekernel is used to reinterpret this solution concept in a way that makes it independent of interpersonal utility comparisons. Based on this reinterpretation, a non-cooperative model is presented that yields in stationary equilibria the prekernel (kernel) for the class of monotonic transferable utility games. Next, we apply the same non-coop...

متن کامل

Designing of Supply Chain Coordination Mechanism with Leadership Considering (RESEARCH NOTE)

Abstract   Vertical cooperative (co-op) advertising is typically a cost sharing mechanism and coordinated effort by the channel’s members in order to increase demand and overall profits. In this marketing strategy, the manufacturer shares a fraction of the retailer’s advertising investment. This paper studies the advertising and pricing decisions in a retailer-manufacturer supply chain in which...

متن کامل

Transfer of Bargaining Power Sources in Oil Trade Games

Bargaining Power is one of the important issues in oil trade negotiations. In this paper two effective factors in bargaining power i.e. patient time to deal and outside options of each player have been considered. The necessary relations for exchange of sources in negotiation have been derived.

متن کامل

The kernel is in the least core for permutation games

Permutation games are totally balanced transferable utility cooperative games arising from certain sequencing and re-assignment optimization problems. It is known that for permutation games the bargaining set and the core coincide, consequently, the kernel is a subset of the core. We prove that for permutation games the kernel is contained in the least core, even if the latter is a lower dimens...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:
  • Games and Economic Behavior

دوره 41  شماره 

صفحات  -

تاریخ انتشار 2002