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JOURNALS // Matematicheskaya Teoriya Igr i Ee Prilozheniya // Archive

Mat. Teor. Igr Pril., 2013 Volume 5, Issue 2, Pages 46–63 (Mi mgta108)

The bargaining solution among threshold strategies

Vladimir V. Mazalov, Aleksei Y. Kondratev

Institute of Applied Mathematical Research Karelian Research Center of RAS

Abstract: We consider a bargaining problem which engages a seller (player $I$) and a buyer (player $II$). Each player possesses private information about own reservation price which is unavailable to the opponent. Players appear on the market and announce their prices for a product. If the transaction takes place then the gain of a player is the difference between the negotiated and the reservation prices. We find the equilibrium in this game among threshold strategies

Keywords: bargaining model, threshold strategies, Bayes equilibrium.

UDC: 519.833
BBK: 22.18


 English version:
Automation and Remote Control, 2015, 76:3, 507–520

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© Steklov Math. Inst. of RAS, 2024