Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956742 | Journal of Economic Theory | 2013 | 12 Pages |
Abstract
In this note we provide a strategic implementation of the Average Tree solution for zero-monotonic cycle-free graph games. That is, we propose a non-cooperative mechanism of which the unique subgame perfect equilibrium payoffs correspond to the average hierarchical outcome of the game. This mechanism takes into account that a player is only able to communicate with other players (i.e., to make proposals about a division of the surplus of cooperation) when they are connected in the graph.
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Economics and Econometrics
Authors
René van den Brink, Gerard van der Laan, Nigel Moes,