Bargaining in cooperative games |
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| Authors: | E. Bennett W. R. Zame |
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| Affiliation: | 1. Department of Economics, University of Kansas, 66045, Lawrence, Kansas, USA
2. Department of Mathematics, State University of New York at Buffalo, 14214, Buffalo, New York, USA
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| Abstract: | This paper introduces a new solution concept for cooperative games without sidepayments, called the aspiration bargaining set, and proves that this set is nonempty for a wide, and economically interesting, class of games. |
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