Solving bargaining games by differential equations

Solving bargaining games by differential equations

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Article ID: iaor1991631
Country: United States
Volume: 15
Issue: 4
Start Page Number: 724
End Page Number: 735
Publication Date: Nov 1990
Journal: Mathematics of Operations Research
Authors:
Abstract:

‘Solving Games by Differential Equations’ was the title of a paper by Brown and von Neumann. The idea of solving bargaining games by differential equations goes back to Raiffa. The present paper starts with a solution ø of a bargaining game and constructs, by means of solving a set of differential equations, a new solution , the continuation of ø. A property is called hereditary when it holds for whenever it holds for ø. Hereditary properties and properties of in relation to properties of ø are studied. The paper includes a number of open problems.

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