1.
Montero, M., & Possajennikov, A. (2023). “Greedy” demand adjustment in cooperative games.
Annals of Operations Research
, https://doi.org/10.1007/s10479-023-05179-8
This paper studies a simple process of demand adjustment in cooperative games. In the process, a randomly chosen player makes the highest possible demand subject to the demands of other coalition members being satisfied. This process converges to the aspiration set; in convex games, this implies convergence to the core. We further introduce perturbations into the process, where players sometimes make a higher demand than feasible. These perturbations make the set of separating aspirations, i.e., demand vectors in which no player is indispensable in order for other players to achieve their demands, the one most resistant to mutations. We fully analyze this process for 3-player games. We further look at weighted majority games with two types of players. In these games, if the coalition of all small players is winning, the process converges to the unique separating aspiration; otherwise, there are many separating aspirations and the process reaches a neighbourhood of a separating aspiration.
2.
Arin, J., Feltkamp, V., & Montero, M. (2015).
A bargaining procedure leading to the serial rule in games with veto players
.
Annals of Operations Research
, 229(1), https://doi.org/10.1007/s10479-015-1841-5
This paper studies an allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by Arin and Feltkamp (J Math Econ 43:855-870, 2007), which is based on Dagan et al. (Games Econ Behav 18:55-72, 1997). A distinguished player makes a proposal that the remaining players must accept or reject, and conflict is solved bilaterally between the rejector and the proposer. We allow the proposer to make sequential proposals over several periods. If responders are myopic maximizers (i.e. consider each period in isolation), the only equilibrium outcome is the serial rule of Arin and Feltkamp (Eur J Oper Res 216:208-213, 2012) regardless of the order of moves. If all players are fully rational, the serial rule still arises as the unique subgame perfect equilibrium outcome if the order of moves is such that stronger players respond to the proposal after weaker ones.


Filter results by:

Journal: American Economic Review (2), Review of Economic Studies (3), Review of Economics and Statistics, Management Science, Journal of Political Economy, Journal of Public Economics, Journal of Economic Literature, Journal of the European Economic Association (4), Economic Journal (2), Journal of Economic Theory (5), Journal of International Economics (2), Economics Letters (2), Journal of Economic Behavior and Organization (3), Games and Economic Behavior (5), Journal of Banking and Finance, European Economic Review (2), Annals of Operations Research (2), American Economic Journal: Microeconomics (2), Economic Theory (2), Economics of Education Review, International Economic Review, RAND Journal of Economics (2), Environmental and Resource Economics, International Journal of Industrial Organization, Journal of Economic Psychology, Theoretical Economics, Journal of Corporate Finance, Journal of Industrial Economics, Scandinavian Journal of Economics, Theory and Decision (2), Journal of Comparative Economics, Resource and Energy Economics (2), International Journal of Game Theory, Oxford Economic Papers, Quarterly Journal of Political Science, Journal of Public Economic Theory, Mathematical Social Sciences (2), International Journal of Finance and Economics, Environmental Economics and Policy Studies (2), Brain Communications, Dynamic Games and Applications, Games (2),

Year: 2024 (2), 2023 (12), 2022 (5), 2021 (7), 2020 (6), 2019 (5), 2018 (13), 2017 (11), 2016 (9), 2015 (11)