Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The demand commitment bargaining and snowballing cooperation
AU - Winter, E.
PY - 1994/3
Y1 - 1994/3
N2 - A multi-person bargaining model based on sequential demands is studied for coalitional games with increasing returns to scale for cooperation. We show that for such games the (subgame perfect) equilibrium behavior leads to a payoff distribution which approaches the Shapley value as the money unit approaches 0. Subgame consistency and strategic equilibria are the main tools used in the analysis. The model is then applied to study a problem of public good consumption. © 1994 Springer-Verlag.
AB - A multi-person bargaining model based on sequential demands is studied for coalitional games with increasing returns to scale for cooperation. We show that for such games the (subgame perfect) equilibrium behavior leads to a payoff distribution which approaches the Shapley value as the money unit approaches 0. Subgame consistency and strategic equilibria are the main tools used in the analysis. The model is then applied to study a problem of public good consumption. © 1994 Springer-Verlag.
KW - Economic Theory
KW - Main Tool
KW - Good Consumption
KW - Payoff Distribution
KW - Bargaining Model
U2 - 10.1007/BF01221203
DO - 10.1007/BF01221203
M3 - Journal article
VL - 4
SP - 255
EP - 273
JO - Economic Theory
JF - Economic Theory
SN - 0938-2259
IS - 2
ER -