I give necessary and sufficient conditions on the payoff set that guarantee uniqueness of the equilibrium in the Rubinstein bargaining model. The conditions encompass a class of non-convex or disconnected payoff sets with discontinuous Pareto frontiers. Roughly speaking, the equilibrium is unique if the objective function of the corresponding Nash-bargaining game has a unique maximum. I extend ...

Collaborative policy making has been an increasingly popular method of solving use conflicts on public lands. Representatives of interested groups are authorized to negotiate land use policy in the shadow of a government imposed backstop policy. This process can be modeled using cooperative game theory over multiple goods in an Edgeworth Box framework, and its outcomes predicted using axiomatic...

Our work contributes to the game-theoretic analysis of bargaining by providing additional non-cooperative support to the well-known Nash bargaining solution. In particular, in the present paper we study a model of non-cooperative multilateral bargaining with a very general proposer selection protocol and set of feasible payoffs. In each period of the bargaining game, one out of n players is rec...

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 by pri...

• This work aims at fair cost distribution amongst shale gas companies. An MILP model is proposed using the Nash bargaining game theory. Optimal water management strategies. Results indicate savings between 30% and 50% for participating In this work, we address optimal strategies among various companies placed in same play. A mixed integer non-linear programming (MINLP) formulation with objecti...

The IEEE 802.22 standard is the first proposed standard for the cognitive radio networks in which a set of base stations (BSs) make opportunistic spectrum access to provide wireless access to the customer-premise equipments (CPE) within their cells in wireless regional area networks (WRAN). The channel assignment and power control must be carried out in BSs and CPEs, such that no excessive inte...

Consider a two-person intertemporal bargaining problem in which players choose actions and o¤ers each period and collect payo¤s (as function of that period’s actions) while bargaining proceeds. This can alternatively be viewed as an in…nitely-repeated game wherein players can o¤er one another enforceable contracts that govern play for the rest of the game. Theory is silent regarding how the sur...

For some well-known games, such as the Traveler’s Dilemma or the Centipede Game, traditional gametheoretic solution concepts—most notably Nash equilibrium—predict outcomes that are not consistent with empirical observations. We introduce a new solution concept, iterated regret minimization, which exhibits the same qualitative behavior as that observed in experiments in many games of interest, i...

Cooperative Models in Action: Simulation of a Nash-Bargaining Model of Household Labor Supply with Taxation Several theoretical contributions, starting with McElroy and Horney (1981) and Manser and Brown (1980), have suggested to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize cooperative models of household labor supply for pol...

Of John Nash’s two contributions to game theory, it is the concept of the equilibrium point that has been assessed as quintessential to economics.1 This can be attributed to the fact that it exemplifi es the dominant view among economists that the maximization postulate and the assumptions of perfect rationality and complete information have both normative and descriptive value. This reasoning,...