Strategic bilateral exchange of a bad

被引：2
|
作者：
Vardar, Baris [1 ]
Zaccour, Georges [2 ]
机构：
[1] HEC Montreal, Gerad, 3000 Cote St Catherine, Montreal, PQ H3T 2A7, Canada
[2] HEC Montreal, Gerad, Chair Game Theory & Management, 3000 Cote St Catherine, Montreal, PQ H3T 2A7, Canada
来源：
OPERATIONS RESEARCH LETTERS | 2019年 / 47卷 / 04期
关键词：
Exchange of bads; Coupled constraints; Normalized equilibrium; First-best solution; Fair allocation; ENVIRONMENTAL GAME; NASH EQUILIBRIA; ECONOMIES;
D O I：
10.1016/j.orl.2019.03.013
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
A private bad is a commodity that causes its owner disutility. We study the bilateral exchange of a bad for a good that provides utility. Considering the exchange price to be fixed, we determine the first-best choice of a single agent and study its properties, then investigate the equilibrium strategies of the two-player game. We characterize the normalized equilibrium a la Rosen (1965), and also provide a Pareto optimal allocation scheme that is beneficial and fair for the two players. (C) 2019 Elsevier B.V. All rights reserved.
引用
收藏
页码：235 / 240
页数：6
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