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Nash Bargaining Solution under Externalities

Nash Bargaining Solution under Externalities

Abstract

We define a Nash bargaining solution (NBS) for partition function games (PFGs). Based on a PFG, we define an extensive game (EG), which is a propose-respond sequential game where the first rejecter of a proposal exits from the game with a positive probability. We show that the NBS is supported as the expected payoff profile of any stationary subgame perfect equilibrium (SSPE) of the EG such that in any subgame, the coalition of all active players immediately forms. We provide a necessary and sufficient condition for such an SSPE to exist. We also present an example in which delay of agreements occurs.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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