Perfect equilibria of a model of n-person noncooperative bargaining

We study the set of subgame perfect equilibria associated with the n-person noncooperative bargaining mechanism proposed by Hart and Mas-Colell (1992). Our results pertain to transferable utility games. The set of perfect equilibria depends on the parameter representing the "continuation probability," ϱ. For general TU games, we characterize the set of payoffs from perfect equilibria for (a) small values of ϱ; and (b) large values of ϱ. For symmetric games a complete characterization for all values of ϱ is provided.

Files

Metadata

Work Title Perfect equilibria of a model of n-person noncooperative bargaining
Access
Open Access
Creators
  1. Vijay Krishna
  2. Roberto Serrano
License CC BY-NC 4.0 (Attribution-NonCommercial)
Work Type Article
Publisher
  1. International Journal of Game Theory
Publication Date September 1995
Publisher Identifier (DOI)
  1. https://doi.org/10.1007/BF01243155
Deposited August 06, 2022

Versions

Analytics

Collections

This resource is currently not in any collection.

Work History

Version 1
published

  • Created
  • Updated
  • Added Creator Vijay Krishna
  • Added Creator Roberto Serrano
  • Added Krishna and Serrano IJGT (1995).pdf
  • Updated License Show Changes
    License
    • https://creativecommons.org/licenses/by-nc/4.0/
  • Published
  • Updated

Version 2
published

  • Created
  • Updated Publisher Show Changes
    Publisher
    • International Journal of Game Theory
  • Published
  • Updated Work Title, Publisher Identifier (DOI), Description, and 1 more Show Changes
    Work Title
    • Perfect Equilibria of a Model of N-Person Noncooperative Bargaining
    • Perfect equilibria of a model of n-person noncooperative bargaining
    Publisher Identifier (DOI)
    • https://doi.org/10.1007/BF01243155
    Description
    • We study the set of subgame perfect equilibria associated with the n-person noncooperative bargaining mechanism proposed by Hart and Mas-Colell (1992). Our results pertain to transferable utility games. The set of perfect equilibria depends on the parameter representing the "continuation probability," \rho. For general TU games, we characterize the set of payoffs from perfect equilibria for (a) small values of \rho; and (b) large values of \rho. For symmetric games a complete characterization for all values of \rho is provided.
    • We study the set of subgame perfect equilibria associated with the n-person noncooperative bargaining mechanism proposed by Hart and Mas-Colell (1992). Our results pertain to transferable utility games. The set of perfect equilibria depends on the parameter representing the "continuation probability," ϱ. For general TU games, we characterize the set of payoffs from perfect equilibria for (a) small values of ϱ; and (b) large values of ϱ. For symmetric games a complete characterization for all values of ϱ is provided.
    Publication Date
    • 1995
    • 1995-09
  • Updated