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Nash Bargaining Solution under Externalities

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Nash Bargaining Solution under Externalities

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文書・図像類
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川森,智彦 / 宮川,敏治
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type:80 大阪経大学会「Working Paper」We define a Nash bargaining solution (NBS) for partition function games (PFGs). Based on a PFG, we define an extensive ga...

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Material Type
文書・図像類
Author/Editor
川森,智彦 / 宮川,敏治
Text Language Code
eng
Target Audience
一般
Note (General)
type:80 大阪経大学会「Working Paper」
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.
Source
http://www.i-repository.net/il/user_contents/02/G0000031Repository/workingpaper/wp2012-6.pdf
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