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On efficiency, tie-breaking rules and role assignment procedures in evolutionary bargaining

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  • Poulsen, Anders U.

Abstract

We study a simple evolutionary bargaining game and show that the efficiency of bargaining behavior can depend crucially on the tie breaking rule players use. In fact, in a certain limit all the surplus is wasted. Inefficiency arises for any role assignment procedure, as long as there is some probability that two players are assigned to the same role. We also give results on the relationship between inefficiency and spitefulness.
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Suggested Citation

  • Poulsen, Anders U., 2004. "On efficiency, tie-breaking rules and role assignment procedures in evolutionary bargaining," Mathematical Social Sciences, Elsevier, vol. 47(2), pages 233-243, March.
    • Handle: RePEc:eee:matsoc:v:47:y:2004:i:2:p:233-243
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    1. Tranaes, Torben, 1998. "Tie-Breaking in Games of Perfect Information," Games and Economic Behavior, Elsevier, vol. 22(1), pages 148-161, January.
    2. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    3. Tore Ellingsen, 1997. "The Evolution of Bargaining Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 581-602.
    4. Hamilton, Jonathan H. & Slutsky, Steven M., 1990. "Endogenous timing in duopoly games: Stackelberg or cournot equilibria," Games and Economic Behavior, Elsevier, vol. 2(1), pages 29-46, March.
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    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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