NDLI: Noncooperative selection of the core

Content Provider	Springer Nature Link
Author	Yan, Huibin
Copyright Year	2003
Abstract	For bargaining environments given by transferable utility characteristic functions that are zero-normalized and admit a nonempty core, we find a class of random-proposer bargaining games, generalized from Okada (1993), such that there is a one-to-one mapping from these games to the core, each game realizes the corresponding core allocation as its unique (ex ante) Stationary Subgame Perfect Equilibrium (SSPE) payoff profile, and every ex post SSPE payoff profile converges to the core allocation as the discount factor goes to one. The result has a natural interpretation in terms of bargaining power.
Starting Page	527
Ending Page	540
Page Count	14
File Format	PDF
ISSN	00207276
Journal	International Journal of Game Theory
Volume Number	31
Issue Number	4
e-ISSN	14321270
Language	English
Publisher	Springer-Verlag
Publisher Date	2003-09-30
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Content Type	Text
Resource Type	Article
Subject	Statistics and Probability Social Sciences Economics and Econometrics Statistics, Probability and Uncertainty

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Noncooperative selection of the core