Adaptive Play in Multiplayer Bargaining Situations

Murali Agastia
Authors registered in the RePEc Author Service: Murali Agastya

ELSE working papers from ESRC Centre on Economics Learning and Social Evolution

Abstract: We study the dual issues of allocation and coalition formation in a model of so-cial learning. For a class of economies which can be expressed in terms of a real valued char-acteristic function, we first show that all self-perpetuating (steady-state) allocations realized froma simple bargaining game must be core allocations although players make simultaneous demands for surplus and only on their own behalf. We also exhibit a a sufficient condition for global (probabilistic) convergence to the core.

Keywords: Bargaining; Learning; Characteristic Functions; Core. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Downloads: (external link)
ftp://ftp.repec.org/RePEc/els/esrcls/bargain.pdf (application/pdf)

Related works:
Journal Article: Adaptive Play in Multiplayer Bargaining Situations (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:els:esrcls:007

Access Statistics for this paper

More papers in ELSE working papers from ESRC Centre on Economics Learning and Social Evolution Contact information at EDIRC.
Bibliographic data for series maintained by s. malkani ( this e-mail address is bad, please contact ).