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Arbitration schemes and bargaining solutions

โœ Scribed by Hannu Salonen


Book ID
116111081
Publisher
Elsevier Science
Year
1986
Tongue
English
Weight
499 KB
Volume
2
Category
Article
ISSN
0176-2680

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๐Ÿ“œ SIMILAR VOLUMES


An arbitration game and the egalitarian
โœ Walter Bossert; Guofu Tan ๐Ÿ“‚ Article ๐Ÿ“… 1995 ๐Ÿ› Springer ๐ŸŒ English โš– 829 KB

We analyze a simple arbitration procedure which is a multi-stage variant of Nash's demand game. In the absence of discounting, all Nash equilibria of the game yield the egalitarian solution in the first stage. The crucial feature of our arbitration procedure is that, in the case of incompatible dema