Bargaining

Question 1

Explain what we mean by bargaining

Question 2

What is the conflict deal?

Question 3

Explain the alternating offer bargaining model, assuming some simplifying assumptions

Question 4

a) Explain the ultimatum game
b) What is the Nash equilibrium in one-shot ultimatum?
c) What is the Nash equilibrium in two-shot ultimatum?
d) What is the Nash equilibrium in unlimited round ultimatum?

Question 5

a) What happens when the players get impatient in the ultimatum game?
b) What is the Nash equilibrium in impatient one-shot ultimatum?
c) What is the Nash equilibrium in impatient two-shot ultimatum?
d) What is the Nash equilibrium in impatient unlimited round ultimatum?

Question 6

Explain the negotiation decision function as shown in the figure 15.3 (conceder, boulware)

Question 7

a) Explain the bargaining for task allocation in relation to figure 15.4
b) Describe the monotonic concession protocol
c) Describe the Zeuthen strategy

Question 8

What is the basis for many-to-many negotiations of exchanging already endowed goods?