Existence and efficiency of a stationary subgame-perfect equilibrium in coalitional bargaining models with nonsuperadditive payoffs Export

@article{citeulike:4411618, abstract = {Abstract\ \ We provide the existence theorem of stationary subgame-perfect equilibrium (SSPE) in a noncooperative coalitional bargaining game model with random proposers. Our model contains a bargaining situation where the coalitional game is nonsuperadditive. We also provide a necessary and sufficient condition for the existence of a pure-strategy SSPE satisfying the efficiency property when the discount factor is close to one. Furthermore, we provide examples where the delay in agreement occurs, even in a random-proposers model, when the game is nonsuperadditive.}, author = {Miyakawa, Toshiji}, citeulike-article-id = {4411618}, citeulike-linkout-0 = {http://dx.doi.org/10.1007/s00199-008-0334-z}, citeulike-linkout-1 = {http://www.springerlink.com/content/rrk51153wq26632p}, day = {1}, doi = {10.1007/s00199-008-0334-z}, journal = {Economic Theory}, keywords = {coalition, game\_theory}, month = {May}, number = {2}, pages = {291--306}, posted-at = {2009-04-27 16:27:41}, priority = {3}, title = {Existence and efficiency of a stationary subgame-perfect equilibrium in coalitional bargaining models with nonsuperadditive payoffs}, url = {http://dx.doi.org/10.1007/s00199-008-0334-z}, volume = {39}, year = {2009} }

TY - JOUR ID - citeulike:4411618 L3 - citeulike-article-id:4411618 N2 - Abstract  We provide the existence theorem of stationary subgame-perfect equilibrium (SSPE) in a noncooperative coalitional bargaining game model with random proposers. Our model contains a bargaining situation where the coalitional game is nonsuperadditive. We also provide a necessary and sufficient condition for the existence of a pure-strategy SSPE satisfying the efficiency property when the discount factor is close to one. Furthermore, we provide examples where the delay in agreement occurs, even in a random-proposers model, when the game is nonsuperadditive. IS - 2 JF - Economic Theory EP - 306 TI - Existence and efficiency of a stationary subgame-perfect equilibrium in coalitional bargaining models with nonsuperadditive payoffs VL - 39 SP - 291 KW - coalition KW - game_theory AU - Miyakawa, Toshiji PY - 2009/05/01/ UR - http://dx.doi.org/10.1007/s00199-008-0334-z ER -