An experiment on the Nash program: A comparison of two strategic mechanisms implementing the Shapley value

B-Tier
Journal: Games and Economic Behavior
Year: 2023
Volume: 141
Issue: C
Pages: 88-104

Authors (4)

Chessa, Michela (not in RePEc) Hanaki, Nobuyuki (Osaka University) Lardon, Aymeric (Université de Lyon) Yamada, Takashi (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

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

Abstract

We experimentally compare two well-known mechanisms inducing the Shapley value as an ex ante equilibrium outcome of a noncooperative bargaining procedure: the demand-based Winter's demand commitment bargaining mechanism and the offer-based Hart and Mas-Colell procedure. Our results suggest that the offer-based Hart and Mas-Colell mechanism better induces players to cooperate and to agree on an efficient outcome, whereas the demand-based Winter mechanism better implements allocations that reflect players' effective power, provided that the grand coalition is formed.

Technical Details

RePEc Handle
repec:eee:gamebe:v:141:y:2023:i:c:p:88-104
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25