scholarly journals 8. An Equivalence Theorem for a Bargaining Set

2016 ◽  
pp. 161-173 ◽  
2015 ◽  
Vol 17 (04) ◽  
pp. 1550008 ◽  
Author(s):  
Bezalel Peleg ◽  
Peter Sudhölter

We show that the Aumann–Davis–Maschler bargaining set and the Mas-Colell bargaining set of a non-leveled NTU game that is either ordinal convex or coalition merge convex coincides with the core of the game. Moreover, we show by means of an example that the foregoing statement may not be valid if the NTU game is marginal convex.


Optik ◽  
2020 ◽  
Vol 206 ◽  
pp. 164300
Author(s):  
Xiaoning Pan ◽  
Ke Cheng ◽  
Xiaoling Ji ◽  
Tao Wang

2006 ◽  
Vol 2006 ◽  
pp. 1-14 ◽  
Author(s):  
Fernando Beltrán ◽  
Natalia Santamaría

One not-so-intuitive result in auction theory is the revenue equivalence theorem, which states that as long as an auction complies with some conditions, it will on average generate the same revenue to an auctioneer as the revenue generated by any other auction that complies with them. Surprisingly, the conditions are not defined on the payment rules to the bidders but on the fact that the bidders do not bid below a reserve value—set by the auctioneer—the winner is the one with the highest bidding and there is a common equilibrium bidding function used by all bidders. In this paper, we verify such result using extensive simulation of a broad range of auctions and focus on the variability or fluctuations of the results around the average. Such fluctuations are observed and measured in two dimensions for each type of auction: as the number of auctions grows and as the number of bidders increases.


2000 ◽  
Vol 02 (04) ◽  
pp. 287-305 ◽  
Author(s):  
PETER SUDHÖLTER ◽  
BEZALEL PELEG

The positive prekernel, a solution of cooperative transferable utility games, is introduced. We show that this solution inherits many properties of the prekernel and of the core, which are both sub-solutions. It coincides with its individually rational variant, the positive kernel, when applied to any zero-monotonic game. The positive (pre)kernel is a sub-solution of the reactive (pre)bargaining set. We prove that the positive prekernel on the set of games with players belonging to a universe of at least three possible members can be axiomatized by non-emptiness, anonymity, reasonableness, the weak reduced game property, the converse reduced game property, and a weak version of unanimity for two-person games.


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