The Coalitional Nash Bargaining Solution with Simultaneous Payoff Demands
Data
16.07.2015
16.07.2015
Autori
Ricardo Nieva (Universidad de Lima)
Codice JEL
C71, C72, C78
C71, C72, C78
Parole chiave:
Coalitional Bargaining, Nash Program, Simultaneous Payoff, Demands, Uncertainty
Coalitional Bargaining, Nash Program, Simultaneous Payoff, Demands, Uncertainty
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can form if an only if payoff demands are feasible as in the Nash (1953) demand game. After smoothing the game (as in Van Damme (1991)), when the noise vanishes, when the discount factor is close to 1, and as in Okada´s (2011), the coalitional Nash bargaining solution is the unique stationary subgameperfect equilibrium.
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Suggested citation: Nieva, R., (2015), ‘The Coalitional Nash Bargaining Solution with Simultaneous Payoff Demands’, Nota di Lavoro 67.2015, Milan, Italy: Fondazione Eni Enrico Mattei