Download or read book Consistency and the Nash Bargaining Solution written by Dean P. Foster and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Subgame Consistent Cooperation written by David W.K. Yeung and published by Springer. This book was released on 2016-09-23 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic behavior in the human and social world has been increasingly recognized in theory and practice. It is well known that non-cooperative behavior could lead to suboptimal or even highly undesirable outcomes. Cooperation suggests the possibility of obtaining socially optimal solutions and the calls for cooperation are prevalent in real-life problems. Dynamic cooperation cannot be sustainable if there is no guarantee that the agreed upon optimality principle at the beginning is maintained throughout the cooperation duration. It is due to the lack of this kind of guarantees that cooperative schemes fail to last till its end or even fail to get started. The property of subgame consistency in cooperative dynamic games and the corresponding solution mechanism resolve this “classic” problem in game theory. This book is a comprehensive treatise on subgame consistent dynamic cooperation covering the up-to-date state of the art analyses in this important topic. It sets out to provide the theory, solution techniques and applications of subgame consistent cooperation in a wide spectrum of paradigms for analysis which includes cooperative dynamic game models with stochastic state dynamics, with uncertain future payoffs, with asynchronous players’ horizons, with random cooperation duration, with control spaces switching and with transferable and nontransferable payoffs. The book would be a significant research reference text for researchers in game theory, economists, applied mathematicians, policy-makers, corporate decision-makers, and graduate students in applied mathematics, game theory, decision sciences, economics and management sciences.
Download or read book Simultaneous Nash Bargaining with Consistent Beliefs written by Roberto Burguet and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Justice written by Peter Vanderschraaf and published by Oxford Moral Theory. This book was released on 2018-12-21 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Strategic Justice, Peter Vanderschraaf argues that justice can be properly understood as a body of special social conventions. The idea that justice is at bottom conventional has ancient roots, but has never been central in philosophy because convention itself has historically been so poorly understood. Vanderschraaf gives a new defense of this idea that integrates insights and arguments of past masters of moral and political philosophy together with recent analytical and empirical concepts and results from the social sciences. One of the substantial contributions of this work is a new account of convention that is sufficiently general for summarizing problems of justice, the social interactions where the interests of the agents involved diverge. Conventions are defined as equilibrium solutions to the games that summarize social interactions having a variety of possible stable resolutions and a corresponding plurality of equilibria. The basic idea that justice consists of a system of rules for mutual advantage is explored in depth using this game-theoretic analysis of convention. Justice is analyzed as a system of conventions that are stable with respect to renegotiation in the face of societal changes such as resource depletion, technological innovation and population decline or growth. This new account of justice-as-convention explains in a cogent and natural way what justice is and why individuals have good reason to obey its requirements. Contrary to what many have thought, this new account shows how the justice-as-convention view can give a good account of why justice requires that the most vulnerable members of society receive protections and benefits from the cooperative surplus created by general compliance with justice.
Download or read book Credible Threats in Negotiations written by Wilko Bolt and published by Springer Science & Business Media. This book was released on 2005-12-08 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The game-theoretic modelling of negotiations has been an active research area for the past five decades, that started with the seminal work by Nobel laureate John Nash in the early 1950s. This book provides a survey of some of the major developments in the field of strategic bargaining models with an emphasize on the role of threats in the negotiation process. Threats are all actions outside the negotiation room that negotiators have ate their disposal and the use of these actions affect the bargaining position of all negotiators. Of course, each negotiator aims to strengthen his own position. Examples of threats are the announcement of a strike by a union in centralized wage bargaining, or a nation’s announcement of a trade war directed against other nations in negotiations for trade liberalization. This book is organized on the basis of a simple guiding principle: The situation in which none of the parties involved in the negotiations has threats at its disposal is the natural benchmark for negotiations where the parties can make threats. Also on the technical level, negotiations with variable threats build on and extend the techniques applied in analyzing bargaining situations without threats. The first part of this book, containing chapter 3-6, presents the no-threat case, and the second part, containing chapter 7-10, extends the analysis for negotiation situations where threats are present. A consistent and unifying framework is provided first in 2.
Download or read book An Exact Implementation of the Nash Bargaining Solution in Dominant Strategies written by Walter Trockel and published by . This book was released on 1996 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bargaining and the Theory of Cooperative Games written by William Thomson and published by Edward Elgar Publishing. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores game theory's development as a tool to understand economic behavior.
Download or read book Bargaining Theory written by Peter Vanderschraaf and published by Cambridge University Press. This book was released on 2023-03-31 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nash bargaining problem provides a framework for analyzing problems where parties have imperfectly aligned interests. This Element reviews the parts of bargaining theory most important in philosophical applications, and to social contract theory in particular. It discusses rational choice analyses of bargaining problems that focus on axiomatic analysis, according to which a solution of a given bargaining problem satisfies certain formal criteria, and strategic bargaining, according to which a solution results from the moves of ideally rational and knowledgeable claimants. Next, it discusses the conventionalist analyses of bargaining problems that focus on how members of a society can settle into bargaining conventions via learning and focal points. In the concluding section this Element discusses how philosophers use bargaining theory to analyze the social contract.
Download or read book Equity written by H. Peyton Young and published by Princeton University Press. This book was released on 2020-06-16 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments and institutions, perhaps even more than markets, determine who gets what in our society. They make the crucial choices about who pays the taxes, who gets into college, who gets medical care, who gets drafted, where the hazardous waste dump is sited, and how much we pay for public services. Debate about these issues inevitably centers on the question of whether the solution is "fair." In this book, H. Peyton Young offers a systematic explanation of what we mean by fairness in distributing public resources and burdens, and applies the theory to actual cases.
Download or read book The Future of Economic Design written by Jean-François Laslier and published by Springer Nature. This book was released on 2019-11-15 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays represents responses by over eighty scholars to an unusual request: give your high level assessment of the field of economic design, as broadly construed. Where do we come from? Where do we go from here? The book editors invited short, informal reflections expressing deeply felt but hard to demonstrate opinions, unsupported speculation, and controversial views of a kind one might not normally risk submitting for review. The contributors – both senior researchers who have shaped the field and promising, younger researchers – responded with a diverse collection of provocative pieces, including: retrospective assessments or surveys of the field; opinion papers; reflections on critical points for the development of the discipline; proposals for the immediate future; "science fiction"; and many more. The readers should have fun reading these unusual pieces – as much as the contributors enjoyed writing them.
Download or read book The Nash Bargaining Solution in Economic Modelling written by Kenneth George Binmore and published by . This book was released on 1985 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Nash Program for the Nash Bargaining Solution written by Walter Trockel and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Subgame Consistent Economic Optimization written by David W.K. Yeung and published by Springer Science & Business Media. This book was released on 2011-12-06 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.
Download or read book Nash Bargaining Solution and Utilitarian Choice Rules written by William Thomson and published by . This book was released on 1979 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Nash Bargaining Solution with Noise written by Werner Güth and published by . This book was released on 2002 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A characterization of the Nash bargaining solution not using IIA written by Hans Peters and published by . This book was released on 1987 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Sensitivity Matrix of the Nash Bargaining Solution written by Jacob Engwerda and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
