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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Games and Economic B...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Games and Economic Behavior
Article . 2002 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 2002
Data sources: zbMATH Open
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
DBLP
Article . 2024
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Bargaining and Boldness

Bargaining and boldness
Authors: Albert Burgos; Simon Grant; Atsushi Kajii;

Bargaining and Boldness

Abstract

The author studies a multiperson bargaining problem described in the form of the following Shaked's game: There are \(n\geq 2\) bargainers (players). In each period \(t=1,2,\dots\) , player \(i=t\pmod n\) submits a nonnegative vector proposal \(x_t = (x_t^1,x_t^2,\dots , x_t^n)\) satisfying \(\sum_{j=1}^n x_t^j =1\). The other players \(j \neq i\), either accept or reject that proposal. If all of them accept \(x_t\), then the game concludes and each player \(k\) receives the share \(x_t^k\). In other case, two subcases can occur: (1) with a constant probability \(1-\rho\) the game concludes with zero proposal \(x_t = (0,0,\dots , 0)\); (2) with probability \(\rho\) the play passes to the next period \(t+1\), and player \(j=t+1\pmod n\) becomes a new proposer, and so on (here \(\rho\) is fixed for all periods). The payoff of a player \(k=1,2,\cdots , n\) in the game is \(V^k(\rho^s,x_s^k)\), where \(V_k\) are continuous functions, and \(s\) is the period in which the proposal \(x_s\) has been accepted by all the players. The game is studied in context of the existence and uniqueness of Stationary Subgame-Perfect Equilibria (SSPE), and their form is considered. Also the limit behavior of SSPE as \(\rho \rightarrow 1\), and their limit outcomes (called equally marginally bold) are analyzed. The paper ends with a comparison of such outcomes with Nash outcomes.

Country
Netherlands
Keywords

Noncooperative games, nonexpected utility, Special types of economic equilibria, sequential bargaining, Multistage and repeated games, \(n\)-person games, \(n>2\), multistage game, boldness

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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!
8
Average
Top 10%
Average
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