We investigate the e®ect of introducing costs of complexity in the n -person unanimity bargaining game. In particular, the paper provides a justi ̄cation for stationary equilibrium strategies in the class of games where complexity costs matter. As is well-known, in this game every individually rational allocation is sustainable as a Nash equilibrium (also as a subgame perfect equilibrium if play...

Abstract Carbon emissions trading policy is a market mechanism which promotes global greenhouse gas reduction and reduces carbon dioxide emissions. The in the supply chain operation has become hot issue management. Thus, this paper studies optimal cap setting pricing chain-to-chain system under mechanism. Based on double decentralized scenario, five different cooperation models are established ...

An n-person bargaining situation is two-sided when participants of bargaining are divided into two groups and their preferences over bargained outcomes are exactly opposite to each other. This is so when the issue on the bargaining table is represented by a one dimensional set and people’s preferences are monotonically increasing in one group and monotonically decreasing in the other group. In ...

This paper provides a decentralized dynamic foundation of the Nash bargaining solution, which selects an outcome that maximizes the product of the individual gains over the disagreement outcome. Two agents are drawn from a large population and randomly matched to a partnership, if they successfully find an agreeable payoff vector. Abstracting away the details of a search and bargaining process,...

Ordering policies and coordination in a twoechelon supply chain with Nash bargaining fairness concerns Caimin Wei, Zhongping Li & Zongbao Zou To cite this article: Caimin Wei, Zhongping Li & Zongbao Zou (2016): Ordering policies and coordination in a two-echelon supply chain with Nash bargaining fairness concerns, Journal of Management Analytics, DOI: 10.1080/23270012.2016.1239227 To link to th...

duopoly game theory is applied to the wood industrial markets (sawnwood and pulpwood markets) in the north of iran. the nash equilibrium and the dynamic properties of the system based on marginal adjustments are determined. the probability that the nash equilibrium will be reached is almost zero. the dynamical properties of sawnwood and pulpwood prices derived via the duopoly game model are fou...

Bargaining networks model the behavior of a set of players that need to reach pairwise agreements for making profits. Nash bargaining solutions are special outcomes of such games that are both stable and balanced. Kleinberg and Tardos proved a sharp algorithmic characterization of such outcomes, but left open the problem of how the actual bargaining process converges to them. A partial answer w...

In this paper, we employ a uni…ed approach to Nash’s 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...

In the present chapter we introduce several generalizations to the formulation and solution of the bargaining problem. Until the early 1960s, the study of social power (including political power) had been carried out exclusively by social scholars. That changed in 1962, when Harsanyi managed to introduce the rigor of mathematical reasoning into the theory of social power. He achieved this by ap...