Page 1

Displaying 1 – 3 of 3

Showing per page

Simple equilibria in finite games with convexity properties

Tadeusz Radzik, Piotr Więcek (2015)

Applicationes Mathematicae

This review paper gives a characterization of non-coalitional zero-sum and non-zero-sum games with finite strategy spaces and payoff functions having some concavity or convexity properties. The characterization is given in terms of the existence of two-point Nash equilibria, that is, equilibria consisting of mixed strategies with spectra consisting of at most two pure strategies. The structure of such simple equilibria is discussed in various cases. In particular, many of the results discussed can...

Solidarity and cooperative bargaining solutions

Naoki Yoshihara (2006)

Banach Center Publications

In this paper, we consider production economies with possibly unequal production skills and with the possibility of technological innovations, in which resource allocations are determined via bargaining among individuals. We define the Nash (resp. the Kalai-Smorodinsky) bargaining solution as the (bargaining) allocation rule whose utility outcomes just result in the Nash (resp. the Kalai-Smorodinsky) bargaining outcomes. Two new axioms regarding compensation for low skill agents are introduced as...

Currently displaying 1 – 3 of 3

Page 1