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

页码：235 / 240

页数：6

共 50 条

[21] EXCHANGE THEORY ON STRATEGIC BASES
HARDIN, R
SOCIAL SCIENCE INFORMATION SUR LES SCIENCES SOCIALES, 1982, 21 (02): : 251 - 272
[22] The Strategic Role of Exchange Promotions
Desai, Preyas S.
Purohit, Devavrat
Zhou, Bo
MARKETING SCIENCE, 2016, 35 (01) : 93 - 112
[23] ENDOGENOUS BARGAINING POWER IN BILATERAL MONOPOLY AND BILATERAL EXCHANGE
SPINDLER, ZA
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 1974, 7 (03): : 463 - 474
[24] Strategic syndication: is bad news shared in loan syndicates?
Down, Andrea K.
Williams, Christopher D.
Wittenberg-Moerman, Regina
REVIEW OF ACCOUNTING STUDIES, 2024, 29 (01) : 194 - 236
[25] Strategic syndication: is bad news shared in loan syndicates?
Andrea K. Down
Christopher D. Williams
Regina Wittenberg-Moerman
Review of Accounting Studies, 2024, 29 : 194 - 236
[26] A Few Bad Apples: Communication in the Presence of Strategic Ideologues
Stone, Daniel F.
SOUTHERN ECONOMIC JOURNAL, 2016, 83 (02) : 487 - 500
[27] Strategic attack - Rumsfeld's bad options.
Kaplan, LF
NEW REPUBLIC, 2003, 228 (14) : 18 - 21
[28] Bilateral Exchange and Competitive Equilibrium
Sjur Didrik Flåm
Set-Valued and Variational Analysis, 2016, 24 : 1 - 11
[29] INTERMEDIATION WITH COSTLY BILATERAL EXCHANGE
TOWNSEND, RM
REVIEW OF ECONOMIC STUDIES, 1978, 45 (03): : 417 - 425
[30] Bilateral Exchange Clearing Policy
Southard, Frank A., Jr.
AMERICAN ECONOMIC REVIEW, 1947, 37 (03): : 465 - 467

← 1 2 3 4 5 →