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Solving Bargaining Games by Differential Equations

Authors :
Dave Furth
Source :
Mathematics of Operations Research. 15:724-735
Publication Year :
1990
Publisher :
Institute for Operations Research and the Management Sciences (INFORMS), 1990.

Abstract

“Solving Games by Differential Equations”: was the title of a paper by Brown and von Neumann (1950). The idea of solving bargaining games by differential equations goes back to Raiffa (1953). The present paper starts with a solution ϕ of a bargaining game and constructs, by means of solving a set of differential equations, a new solution Cϕ, the continuation of ϕ. A property is called hereditary when it holds for Cϕ whenever it holds for ϕ. Hereditary properties and properties of Cϕ in relation to properties of ϕ are studied. The paper includes a number of open problems.

Details

ISSN :
15265471 and 0364765X
Volume :
15
Database :
OpenAIRE
Journal :
Mathematics of Operations Research
Accession number :
edsair.doi...........54e0afaea607a628e3b1a85db29d14c8
Full Text :
https://doi.org/10.1287/moor.15.4.724