Bargaining over Strategies of Non-Cooperative Games
The article provides insight to the bargaining process that integrates the process of non-corporative game theory. To understand the applicability of non-cooperative games, the authors discuss the uniqueness, the efficiency, and existence of the agreement reached in the bargaining process. The article shed light to the broad perspective of the non-cooperative games involving two players by including several games that involve the Ultimatum Game, the Prisoner's Dilemma, the Trust Game, the Hawk-Dove Game. Using these two-player non-cooperative games, the author found that the bargaining process proposed result in Pareto-efficient settlements, which typically differed from the Nash equilibrium obtained in ...
