Spatial bargaining in rectilinear facility location problem

被引:0
作者
Yamaguchi, Kazuo [1 ]
机构
[1] Rissho Univ, Fac Econ, Shinagawa Ku, 4-2-16 Osaki, Tokyo 1418602, Japan
关键词
Spatial bargaining; Unanimity rule; Rejecter-becomes-proposer protocol; Facility location; Rectilinear distance space; Lexicographic maximin utility criterion; EQUILIBRIA; EFFICIENCY; OUTCOMES; MODEL;
D O I
10.1007/s11238-021-09838-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
We consider a spatial bargaining model where players collectively choose a facility location on a two-dimensional rectilinear distance space through bargaining using the unanimity rule. We show that as players become infinitely patient, their stationary subgame perfect equilibrium utilities converge to the utilities that satisfy the lexicographic maximin utility criterion introduced by Sen (Collective choice and social welfare, 1970).
引用
收藏
页码:69 / 104
页数:36
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