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The semireactive bargaining set of a cooperative game

Author

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  • Sudhölter, Peter

    (Center for Mathematical Economics, Bielefeld University)

  • Potters, Jos

    (Center for Mathematical Economics, Bielefeld University)

Abstract

The semireactive bargaining set, a solution for cooperative games, is introduced. This solution is in general a subsolution of the bargaining set and a supersolution of the reactive bargaining set. However, on various classes of transferable utility games the semireactive and the reactive bargaining set coincide. The semireactive prebargaining set on TU games can be axiomatized by one-person rationality, the reduced game property, a weak version of the converse reduced game property with respect to subgrand coalitions, and subgrand stability. Furthermore, it is shown that there is a suitable weakening of subgrand stability, which allows to characterize the prebargaining set. Replacing the reduced game by the imputation saving reduced game and employing individual rationality as an additional axiom yields characterizations of both, the bargaining set and the semireactive bargaining set.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Sudhölter, Peter & Potters, Jos, 2017. "The semireactive bargaining set of a cooperative game," Center for Mathematical Economics Working Papers 313, Center for Mathematical Economics, Bielefeld University.
    • Handle: RePEc:bie:wpaper:313
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    File URL: https://pub.uni-bielefeld.de/download/2909897/2909988
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    References listed on IDEAS

    as
    1. TamÂs Solymosi, 1999. "On the bargaining set, kernel and core of superadditive games," International Journal of Game Theory, Springer;Game Theory Society, vol. 28(2), pages 229-240.
    2. Peleg, Bezalel, 1992. "Axiomatizations of the core," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 13, pages 397-412, Elsevier.
    3. Peleg, B, 1986. "On the Reduced Game Property and Its Converse," International Journal of Game Theory, Springer;Game Theory Society, vol. 15(3), pages 187-200.
    4. Peter Sudhölter & Bezalel Peleg, 2000. "The Positive Prekernel Of A Cooperative Game," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 2(04), pages 287-305.
    5. Chris Snijders, 1995. "Axiomatization of the Nucleolus," Mathematics of Operations Research, INFORMS, vol. 20(1), pages 189-196, February.
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    Cited by:

    1. Tamás Solymosi, 2008. "Bargaining sets and the core in partitioning games," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 16(4), pages 425-440, December.
    2. Guni Orshan & Peter Sudhölter, 2010. "The positive core of a cooperative game," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(1), pages 113-136, March.
    3. Daniel Granot, 2010. "The reactive bargaining set for cooperative games," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(1), pages 163-170, March.
    4. Morelli, Massimo & Montero, Maria, 2003. "The demand bargaining set: general characterization and application to majority games," Games and Economic Behavior, Elsevier, vol. 42(1), pages 137-155, January.
    5. Michel Grabisch & Hervé Moulin & José Manuel Zarzuelo, 2024. "Professor Peter Sudhölter (1957–2024)," International Journal of Game Theory, Springer;Game Theory Society, vol. 53(2), pages 289-294, June.
    6. Josep M. Izquierdo & Carles Rafels, 2010. "On the coincidence between the Shimomuras bargaining sets and the core," Working Papers in Economics 241, Universitat de Barcelona. Espai de Recerca en Economia.
    7. Josep M Izquierdo & Carles Rafels, 2012. "On the coincidence of the core and the bargaining sets," Economics Bulletin, AccessEcon, vol. 32(3), pages 2035-2043.

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