Adaptive Play in Multiplayer Bargaining Situations

S-Tier
Journal: Review of Economic Studies
Year: 1997
Volume: 64
Issue: 3
Pages: 411-426

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the dual issues of allocation and coalition formation in a model of social learning. For a class of economies which can be expressed in terms of a real valued characteristic function, we first show that all self-perpetuating allocations realized from a simple bargaining game must be core allocations although players make simultaneous demands for surplus and only on their own behalf. Following this, we provide a sufficient condition under which the society eventually learns to divide the surplus according to some core allocation, regardless of the initial history.

Technical Details

RePEc Handle
repec:oup:restud:v:64:y:1997:i:3:p:411-426.
Journal Field
General
Author Count
1
Added to Database
2026-01-24