𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Tie-breaking rules and divisibility in experimental duopoly markets

✍ Scribed by Daniela Puzzello


Book ID
116635322
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
498 KB
Volume
67
Category
Article
ISSN
0167-2681

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


On efficiency, tie-breaking rules and ro
✍ Anders U Poulsen πŸ“‚ Article πŸ“… 2004 πŸ› Elsevier Science 🌐 English βš– 119 KB

We show, in the context of a simple evolutionary bargaining game, that the efficiency of bargaining behavior depends crucially on the tie-breaking rule players use. For certain tie-breaking rules, and in the limit as the number of feasible demands becomes infinite, all the surplus is wasted. Ineffic