Abstract
Within this paper we consider a model of Nash bargaining with incomplete information. In particular, we focus on fee games, which are a natural generalization of side payment games in the context of incomplete information. For a specific class of fee games we provide two axiomatic approaches in order to establish the Expected Contract Value, which is a version of the Nash bargaining solution.
Similar content being viewed by others
REFERENCES
Aumann, R.J.: 1960, ‘Linearity of unrestrictedly transferable utilities’, Naval Research Logistics Quarterly, 7, 281–284.
D'Aspremont, C. and Gèrard-Varet, L.-A.: 1979, ‘Incentives and incomplete information’, Journal of Public Economics 11, 25–45.
Harsanyi, J.C. and Selten, R.: 1972, ‘A generalized Nash solution for twoperson bargaining games with incomplete information’, Management Science 18, 80–106.
Holmström, B. and Myerson, R.B.: 1983, ‘Efficient and durable decision rules with incomplete information’, Econometrica 51, 1799–1819.
Hurwicz, L.: 1972, ‘On informationally decentralized systems’, in Decision and Organisation R. Radner and B. McGuire (eds.), North-Holland, pp. 297–336.
Myerson R.B.: 1979, ‘Incentive compatibility and the bargaining problem’, Econometrica 47, 61–73.
Myerson, R.B.: 1984, ‘Two-person bargaining problems with incomplete information’, Econometrica 52, 461–487.
Myerson, R.B.: 1984, ‘Cooperative games with incomplete information’, International Journal of Game Theory 13, 69–96.
Myerson, R.B. and Satterthwaite, M.A.: 1983, ‘Efficient mechanisms for bilateral trading’, Journal of Economic Theory 29, 265–281.
Nash, J.F.: 1950, ‘The bargaining problem’, Econometrica 18, 155–162.
Rosenmüller, J.: 1992, ‘Cooperative games with incomplete information’, in Transactions of the Eleventh Prague Conference on Information Theory, Statistical Decision Functions, Random Processes 1990, Academia Prague/Kluwer Academic Publishers, Vol A, pp. 211–250.
Rosenmüller, J.: 1992, ‘Fee Games: (N)TU games with incomplete information’, in Rational Interaction, Essays in Honor of John C. Harsanyi, R. Selten (ed.), Springer Verlag, Berlin Heidelberg, pp. 53–81.
Rosenmüller, J.: 1992, ‘Representation of CII games and the expected contract value’, Working Paper No. 215, Institute of Mathematical Economics (IMW), University of Bielefeld, 45 pp.
Weidner, F.: 1992, ‘The generalized Nash bargaining solution and incentive compatible mechanisms’, International Journal of Game Theory, 21, 109–121.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Rosenmüller, J. Bargaining with Incomplete information an axiomatic approach. Theory and Decision 42, 105–146 (1997). https://doi.org/10.1023/A:1004907606204
Issue Date:
DOI: https://doi.org/10.1023/A:1004907606204