Endogeneity of alternating offers in a bargaining game

Article Abstract:

A study on the bargaining problem explored the issue of why one ought to assume an alternating offer structure in a bargaining game and in what manner do the results change if a different game form is assumed. An infinite horizon, two-person, simultaneous offer concession game with incomplete information and discounted payoffs was considered. It was shown that the assumption of alternating offers typically used in theoretical bargaining models arises endogenously as the unique equilibrium of a simultaneous-move infinite horizon concession game under certain conditions.

Econometrics & Model Building, Econometrics, Negotiation, Negotiations, Game theory, Business models

---

The optimal design of a market

Article Abstract:

The optimal design of market rules in a two-period market, where the number of agents and the execution of trades are limited and where agents arrive at different points in time, is examined. The study aims to develop trading rules for selecting a market maker. One of the findings indicate that Pareto inefficient allocations could result from competitive trading rules in both large and small economies.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Stock-exchange, Stock exchanges, Exchanges, Efficient market theory, Market makers (Securities trading)

---

Voluntary implementation

Article Abstract:

Research describing the conditions of voluntary economic implementation is presented. Particular attention is given to constraints of individual rationality or blocking coalitions of implementation, as well as to static and dynamic implementations.

Social aspects, Research, Economic research, Rational expectations (Economics)

Similar abstracts:

• Abstracts: Biased judgments of fairness in bargaining. Explaining bargaining impasse: the role of self-serving biases. The relationship between uncertainty, the contract zone, and efficiency in a bargaining experiment
• Abstracts: Formal training, on-the-job training and the allocation of time. Home production with endogenous growth
• Abstracts: Homogeneity masquerading as variety: the case of horizontal innnovation models. McCloskey, economics as conversation, and Sprachethik
• Abstracts: Diversification and competition: financial intermediation in a large Cournot-Walras economy. Aggregation in a model of price competition
• Abstracts: Practitioner's corner: lag order and critical values of a modified Dickey-Fuller Test. A note on the power of money-output causality tests

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.