Econometrica Vol. 48 No. 2 1980
Values for Games without Sidepayments: Some Difficulties with Current Concepts
Abstract
Two solution concepts for games without sidepayments are considered: the stable bargaining solution proposed by Harsanyi [6, 7], and the A-transfer value first proposed by Shapley [19]. Some examples of games are considered for which both solution concepts yield results which are highly counter-intuitive, and which seem to be inconsistent with the hypothesis that the games are played by rational players.
- DOI
- 10.2307/1911108
- Volume
- 48
- Issue
- 2
- Pages
- 457
- Sources
- bibtex:phds-export.bib openalex crossref