A Generalized Nash Solution For Two Person Bargaining Games With Incomplete Information

Author : John C. Harsanyi
Publisher :
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.77/5 ( download)

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Download or read book A Generalized Nash Solution for Two-person Bargaining Games with Incomplete Information written by John C. Harsanyi and published by . This book was released on 1966 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Bettina Kuon
Publisher : Springer Science & Business Media
ISBN 13 : 3642487777
Total Pages : 305 pages
Book Rating : 4.74/5 ( download)

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Download or read book Two-Person Bargaining Experiments with Incomplete Information written by Bettina Kuon and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Think of the following situation: A project yielding a gross profit of 100 is offered to two firms. The project can only be conducted by a cooperation of the two firms. No firm is able to conduct the project alone. In order to receive the project the firms have to agree on the allocation of the gross profit. Each of both firms has an alternative project it conducts in case the joint project is not realized. The profitability of an allocation of the joint gross profit for a firm depends on the gross profit from its alternative project. The gross profit from an alternative project can be either 0 (low alternative value) or O

Author : A.E. Roth
Publisher : Springer Science & Business Media
ISBN 13 : 3642515703
Total Pages : 129 pages
Book Rating : 4.05/5 ( download)

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Download or read book Axiomatic Models of Bargaining written by A.E. Roth and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problem to be considered here is the one faced by bargainers who must reach a consensus--i.e., a unanimous decision. Specifically, we will be consid ering n-person games in which there is a set of feasible alternatives, any one of which can be the outcome of bargaining if it is agreed to by all the bargainers. In the event that no unanimous agreement is reached, some pre-specified disagree ment outcome will be the result. Thus, in games of this type, each player has a veto over any alternative other than the disagreement outcome. There are several reasons for studying games of this type. First, many negotiating situations, particularly those involving only two bargainers (i.e., when n = 2), are conducted under essentially these rules. Also, bargaining games of this type often occur as components of more complex processes. In addi tion, the simplicity of bargaining games makes them an excellent vehicle for studying the effect of any assumptions which are made in their analysis. The effect of many of the assumptions which are made in the analysis of more complex cooperative games can more easily be discerned in studying bargaining games. The various models of bargaining considered here will be studied axioma- cally. That is, each model will be studied by specifying a set of properties which serve to characterize it uniquely.

Author : J.C. Harsanyi
Publisher : Springer Science & Business Media
ISBN 13 : 9401725276
Total Pages : 264 pages
Book Rating : 4.79/5 ( download)

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Download or read book Papers in Game Theory written by J.C. Harsanyi and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains twelve of my game-theoretical papers, published in the period of 1956-80. It complements my Essays on Ethics, Social Behavior, and Scientific Explanation, Reidel, 1976, and my Rational Behavior and Bargaining Equilibrium in Games and Social Situations, Cambridge University Press, 1977. These twelve papers deal with a wide range of game-theoretical problems. But there is a common intellectual thread going though all of them: they are all parts of an attempt to generalize and combine various game-theoretical solution concepts into a unified solution theory yielding one-point solutions for both cooperative and noncooperative games, and covering even such 'non-classical' games as games with incomplete information. SECTION A The first three papers deal with bargaining models. The first one discusses Nash's two-person bargaining solution and shows its equivalence with Zeuthen's bargaining theory. The second considers the rationality postulates underlying the Nash-Zeuthen theory and defends it against Schelling's objections. The third extends the Shapley value to games without transferable utility and proposes a solution concept that is at the same time a generaliza tion of the Shapley value and of the Nash bargaining solution.

Author : Eric van Damme
Publisher : Springer Science & Business Media
ISBN 13 : 364296978X
Total Pages : 331 pages
Book Rating : 4.82/5 ( download)

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Download or read book Stability and Perfection of Nash Equilibria written by Eric van Damme and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts.

Author : Gustav Feichtinger
Publisher : Springer Science & Business Media
ISBN 13 : 9400979010
Total Pages : 512 pages
Book Rating : 4.17/5 ( download)

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Download or read book Operations Research in Progress written by Gustav Feichtinger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the Joint Meeting of the Austrian and Swiss Operations Research Societies, Vienna, September 22-24, 1980

Author : Akio Matsumoto
Publisher : Springer
ISBN 13 : 9811042144
Total Pages : 344 pages
Book Rating : 4.40/5 ( download)

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Download or read book Optimization and Dynamics with Their Applications written by Akio Matsumoto and published by Springer. This book was released on 2017-05-23 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a variety of advanced research papers in optimization and dynamics written by internationally recognized researchers in these fields. As an example of applying optimization in sport, it introduces a new method for finding the optimal bat sizes in baseball and softball. The book is divided into three parts: operations research, dynamics, and applications. The operations research section deals with the convergence of Newton-type iterations for solving nonlinear equations and optimum problems, the limiting properties of the Nash bargaining solution, the utilization of public goods, and optimizing lot sizes in the automobile industry. The topics in dynamics include special linear approximations of nonlinear systems, the dynamic behavior of industrial clusters, adaptive learning in oligopolies, periodicity in duopolies resulting from production constraints, and dynamic models of love affairs. The third part presents applications in the fields of reverse logistic network design for end-of-life wind turbines, fuzzy optimization of the structure of agricultural products, water resources management in the restoration plans for a lake and also in groundwater supplies. In addition it discusses applications in reliability engineering to find the optimal preventive replacement times of deteriorating equipment and using bargaining theory to determine the best maintenance contract. The diversity of the application areas clearly illustrates the usefulness of the theory and methodology of optimization and dynamics in solving practical problems.

Author : Alvin E. Roth
Publisher : Cambridge University Press
ISBN 13 : 0521267579
Total Pages : 402 pages
Book Rating : 4.71/5 ( download)

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Download or read book Game-Theoretic Models of Bargaining written by Alvin E. Roth and published by Cambridge University Press. This book was released on 1985-11-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive picture of the new developments in bargaining theory.

Author : Larry Samuelson
Publisher : Springer Science & Business Media
ISBN 13 : 9780898381702
Total Pages : 306 pages
Book Rating : 4.03/5 ( download)

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Download or read book Microeconomic Theory written by Larry Samuelson and published by Springer Science & Business Media. This book was released on 1986-03-31 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--

Author : John C. Harsanyi
Publisher : CUP Archive
ISBN 13 : 9780521311830
Total Pages : 340 pages
Book Rating : 4.37/5 ( download)

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Download or read book Rational Behavior and Bargaining Equilibrium in Games and Social Situations written by John C. Harsanyi and published by CUP Archive. This book was released on 1986 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a paperback edition of a major contribution to the field, first published in hard covers in 1977. The book outlines a general theory of rational behaviour consisting of individual decision theory, ethics, and game theory as its main branches. Decision theory deals with a rational pursuit of individual utility; ethics with a rational pursuit of the common interests of society; and game theory with an interaction of two or more rational individuals, each pursuing his own interests in a rational manner.