All Outputs (2)

(In)efficiency in private value bargaining with naive players: Theory and experiment (2023)
Journal Article
Possajennikov, A., & Saran, R. (2023). (In)efficiency in private value bargaining with naive players: Theory and experiment. Journal of Economic Behavior and Organization, 216, 42-61. https://doi.org/10.1016/j.jebo.2023.10.003

The paper investigates two-player double-auction bargaining with private values in a setting with discrete two-point overlapping distributions of traders' valuations. We characterize parameter settings in which there exists a fully efficient equilibr... Read More about (In)efficiency in private value bargaining with naive players: Theory and experiment.

“Greedy” demand adjustment in cooperative games (2023)
Journal Article
Montero, M., & Possajennikov, A. (2023). “Greedy” demand adjustment in cooperative games. Annals of Operations Research, https://doi.org/10.1007/s10479-023-05179-8

This paper studies a simple process of demand adjustment in cooperative games. In the process, a randomly chosen player makes the highest possible demand subject to the demands of other coalition members being satisfied. This process converges to the... Read More about “Greedy” demand adjustment in cooperative games.