Bargaining Solutions and Stationary Sets in n-Person Games
CORNELL UNIV ITHACA NY DEPT OF OPERATIONS RESEARCH
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The formal proceedings of an n-person cooperative game can be modelled as a multi-stage negotiation process. At each stage, coalitions may object to the proposal at hand. If a particular objection is given recognition, then the non-objecting players respond to that objection in such a manner that a new proposal results from the objection and response. An equilibrium collection of strategies in this negotiation game may be viewed as a standard of behavior to which no nonconformist pressures exist. This paper explores the relationship between the set of proposals to which no objections are made in such an equilibrium collection, and the von Neumann-Morgenstern stable sets of the original game.
- Operations Research