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A non-cooperative approach to the ordinal Shapley–Shubik rule

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  • Vidal-Puga, Juan

Abstract

In bargaining problems, a rule satisfies ordinal invariance if it does not depend on order-preserving transformations of the agents’ utilities. In this paper, a non-cooperative game for three agents, based on bilateral offers, is presented. The ordinal Shapley–Shubik rule arises in subgame perfect equilibrium as the agents have more time to reach an agreement.

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  • Vidal-Puga, Juan, 2015. "A non-cooperative approach to the ordinal Shapley–Shubik rule," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 111-118.
    • Handle: RePEc:eee:mateco:v:61:y:2015:i:c:p:111-118
    DOI: 10.1016/j.jmateco.2015.07.008
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    References listed on IDEAS

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    2. Roberto Serrano, 2021. "Sixty-seven years of the Nash program: time for retirement?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 12(1), pages 35-48, March.

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