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The egalitarian solution and reduced game properties in convex games

โœ Scribed by B. Dutta

Publisher
Springer-Verlag
Year
1990
Tongue
English
Weight
752 KB
Volume
19
Category
Article
ISSN
0020-7276

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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