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Spatial bargaining in rectilinear facility location problem
- Source :
- Theory and Decision. 93:69-104
- Publication Year :
- 2021
- Publisher :
- Springer Science and Business Media LLC, 2021.
-
Abstract
- We consider a spatial bargaining model where players collectively choose a facility location on a two-dimensional rectilinear distance space through bargaining using the unanimity rule. We show that as players become infinitely patient, their stationary subgame perfect equilibrium utilities converge to the utilities that satisfy the lexicographic maximin utility criterion introduced by Sen (Collective choice and social welfare, 1970).
- Subjects :
- Computer science
General Social Sciences
General Decision Sciences
Social Welfare
Space (commercial competition)
Minimax
Lexicographical order
Facility location problem
Computer Science Applications
Subgame perfect equilibrium
Arts and Humanities (miscellaneous)
Unanimity
Developmental and Educational Psychology
Taxicab geometry
General Economics, Econometrics and Finance
Mathematical economics
Applied Psychology
Subjects
Details
- ISSN :
- 15737187 and 00405833
- Volume :
- 93
- Database :
- OpenAIRE
- Journal :
- Theory and Decision
- Accession number :
- edsair.doi...........12989cbebbf04e116d09aaf312f20199