Reference

Giuseppe Marco Attanasi, Aurora Garcia-Gallego, Nikolaos Georgantzis, and Aldo Montesano, Non-cooperative games with chained confirmed proposals, TSE Working Paper, n. 10-192, March 2010.

Abstract

We propose a bargaining process with alternating proposals as a way of solving non-cooperative games, giving rise to Pareto efficient agreements which will, in general, differ from the Nash equilibrium of the constituent games.

Keywords

Bargaining; Confirmed proposals; Confirmed agreement;

JEL codes

  • C72: Noncooperative Games
  • C73: Stochastic and Dynamic Games • Evolutionary Games • Repeated Games
  • C78: Bargaining Theory • Matching Theory