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5 - n-Person Characteristic Function Games

from Part II - Coalitional Bargaining Games

Published online by Cambridge University Press:  14 March 2026

Akira Okada
Affiliation:
Hitotsubashi University
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Summary

This chapter presents non-cooperative bargaining models for n-person characteristic function games. We extend the sequential bargaining models studied in Chapter 4 so that proposers can choose coalitions and payoff allocations. We explore how various cooperative solutions, the equal allocation (the Nash bargaining solution), the core, the stable matching, and the Shapley value, can be attained as a non-cooperative equilibrium of the bargaining models.

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