Experiments on bilateral bargaining in markets

Abstract

TU games, Outside options, Experiment, Gloves game, C71,

A note on χ-values

“…This could be the starting point for further experimental research on which v-value version predicts the payoff distribution within groups in market games (Tutic et al 2011). Furthermore, it is may be possible to generalize other CS-values [e.g., the AD value (Aumann and Drèze 1974) or the Owen value (Owen 1977)] in the same way using this new modular principle of axiomatizations.…”

Reconstructing Granovetter's network theory

“…Our paper -in using cooperative game theory to map interaction situations and network structures to payoff distributions -is in the tradition of sociological exchange theory Bonacich, 1992, 1993;Braun and Gautschi, 2006;Tutić et al, 2011). One may ask the question why we use cooperative rather than noncooperative game theory in our reconstruction of Granovetter's network theory.…”