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The Nash Bargaining Solution in Economic Modeling

by Ken Binmore, Ariel Rubinstein, Asher Wolinsky - Rand Journal of Economics , 1986
"... This article establishes the relationship between the static axiomatic theory of bargaining and the sequential strategic approach to bargaining. We consider two strategic models of alternating offers. The models differ in the source of the incentive of the bargaining parties to reach agreement: the ..."
Abstract - Cited by 563 (1 self) - Add to MetaCart
the incentive to settle and with the proper disagreement jfoint chosen. The results provide a guide for the application of the Nash bar-gaining solution in economic modelling. 1.

Cooperative Network Design: a Nash bargaining solution approach

by Konstantin Avrachenkov, Jocelyne Elias, Fabio Martignon, Giovanni Neglia, Leon Petrosyan , 2015
"... The Network Design problem has received increasing attention in recent years. Previ-ous works have addressed this problem considering almost exclusively networks designed by selfish users, which can be consistently suboptimal. This paper addresses the network design issue using cooperative game theo ..."
Abstract - Cited by 1 (0 self) - Add to MetaCart
the cooperative network design game using the Nash bar-gaining solution (NBS) concept. More specifically, we extend the NBS approach to the case of multiple players and give an explicit expression for users ’ cost allocations. We fur-ther provide a distributed algorithm for computing the Nash bargaining solution

GAME THEORY FOR PRECODING IN A MULTI-USER SYSTEM: BARGAINING FOR OVERALL BENEFITS

by Jie Gao, Sergiy A. Vorobyov, Hai Jiang
"... A precoding strategy for multi-user spectrum sharing over an inter-ference channel is proposed and analyzed from a game-theoretic per-spective. The proposed strategy is based on finding the Nash bar-gaining solution for precoding matrices in a cooperative scenario over frequency selective channels u ..."
Abstract - Cited by 3 (3 self) - Add to MetaCart
A precoding strategy for multi-user spectrum sharing over an inter-ference channel is proposed and analyzed from a game-theoretic per-spective. The proposed strategy is based on finding the Nash bar-gaining solution for precoding matrices in a cooperative scenario over frequency selective channels

S.ýAMEJHEORYIECISION JHEORY, AND SOCIAL CHOICE 'hEORY IN THE CONTtXT OF A NEW THEORY OF EQUITY Final ylepirt,

by Wi Brock , 1980
"... Some of the interrelationships between game theory, axiomatic social choice theory, and ethics are set forth in the context of a new theory of equity. One of the principal functions of the new theory is tc explicate alternative intuitive concepts of equity such as #To Each According to His Needs, # ..."
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is introduced--one which dispenses with the need for a Rawls-Harsanyi "Veil of Ignorance" construct. At a methodological level, the new theory makes possible a new interpretation of two cooperative game solution concepts: the generalized (nontransferable utility) Shapley Value, and the Nash bar-gaining

Efficient power control via pricing in wireless data networks

by Cem U. Saraydar, Narayan B. M, Senior Member, David J. Goodman - IEEE Trans. on Commun , 2002
"... Abstract—A major challenge in the operation of wireless communications systems is the efficient use of radio resources. One important component of radio resource management is power control, which has been studied extensively in the context of voice communications. With the increasing demand for wir ..."
Abstract - Cited by 339 (8 self) - Add to MetaCart
for wireless data services, it is necessary to establish power control algorithms for information sources other than voice. We present a power control solution for wireless data in the analytical setting of a game theoretic framework. In this context, the quality of service (QoS) a wireless terminal receives

Core-equivalence for the Nash bargaining solution

by Walter Trockel , 2003
"... Core equivalence and shrinking of the core results are well known for economies. The present paper establishes counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two-person bar-gaining games and their continuum counterparts as ..."
Abstract - Cited by 2 (0 self) - Add to MetaCart
Core equivalence and shrinking of the core results are well known for economies. The present paper establishes counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two-person bar-gaining games and their continuum counterparts

The price of stability for network design with fair cost allocation

by Elliot Anshelevich, Anirban Dasgupta, Jon Kleinberg, Éva Tardos, Tom Wexler, Tim Roughgarden - In Proceedings of the 45th Annual Symposium on Foundations of Computer Science (FOCS , 2004
"... Abstract. Network design is a fundamental problem for which it is important to understand the effects of strategic behavior. Given a collection of self-interested agents who want to form a network connecting certain endpoints, the set of stable solutions — the Nash equilibria — may look quite differ ..."
Abstract - Cited by 281 (30 self) - Add to MetaCart
Abstract. Network design is a fundamental problem for which it is important to understand the effects of strategic behavior. Given a collection of self-interested agents who want to form a network connecting certain endpoints, the set of stable solutions — the Nash equilibria — may look quite

A SOCIAL FOUNDATION OF NASH BARGAINING SOLUTION

by IN-KOO CHO , AKIHIKO MATSUI , 2010
"... This paper provides a decentralized dynamic foundation of the Nash bargaining solution, which selects an outcome that maximizes the product of the individual gains over the disagreement outcome. Two agents are drawn from a large population and randomly matched to a partnership, if they successfull ..."
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This paper provides a decentralized dynamic foundation of the Nash bargaining solution, which selects an outcome that maximizes the product of the individual gains over the disagreement outcome. Two agents are drawn from a large population and randomly matched to a partnership

A game theoretic framework for bandwidth allocation and pricing in broadband networks

by Haïkel Yaïche, Ravi R. Mazumdar, Catherine Rosenberg - IEEE/ACM TRANS. ON NETWORKING , 2000
"... In this paper, we present a game theoretic framework for bandwidth allocation for elastic services in high-speed networks. The framework is based on the idea of the Nash bargaining solution from cooperative game theory, which not only provides the rate settings of users that are Pareto optimal from ..."
Abstract - Cited by 238 (11 self) - Add to MetaCart
In this paper, we present a game theoretic framework for bandwidth allocation for elastic services in high-speed networks. The framework is based on the idea of the Nash bargaining solution from cooperative game theory, which not only provides the rate settings of users that are Pareto optimal

Nash bargaining via flexible budget markets

by Vijay V. Vazirani , 2009
"... We initiate a study of Nash bargaining games [Nas50] via combinatorial, polynomial time algorithms and we carry this program over to solving nonsymmetric bargaining games of Kalai [Kal77] as well. Since the solution to a Nash bargaining game is also the optimal solution to the corresponding convex p ..."
Abstract - Cited by 6 (4 self) - Add to MetaCart
-Debreu market model. The structural insights gained from the combinatorial nature of our algorithms has led to novel insights into game-theoretic properties of the solution concepts of Nash and nonsymmetric bargaining games, see [CGV + 09].
Results 1 - 10 of 1,752