Hellman, Ziv (2008): Bargaining Set Solution Concepts in Dynamic Cooperative Games.
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This paper is concerned with the question of defining the bargaining set, a cooperative game solution, when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face (finite or infinite) sequences of exogenously specified TU-games and receive sequences of imputations against those static cooperative games in each time period. Two alternative definitions of what a ‘sequence of coalitions’ means in such a context are considered, in respect to which the concept of a dynamic game bargaining set may be defined, and existence and non-existence results are studied. A solution concept we term ‘subgame-stable bargaining set sequences’ is also defined, and sufficient conditions are given for the non-emptiness of subgame-stable solutions in the case of a finite number of time periods.
|Item Type:||MPRA Paper|
|Original Title:||Bargaining Set Solution Concepts in Dynamic Cooperative Games|
|Keywords:||Cooperative game; Repeated game; Bargaining set|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
|Depositing User:||Ziv Hellman|
|Date Deposited:||20. May 2008 02:36|
|Last Modified:||19. Feb 2014 20:12|
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