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| Sgobbi, Alessandra; Carraro, Carlo. |
| The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of negotiations on water allocation and management. We explore the impacts of different economic incentives, a stochastic environment and varying individual preferences on players strategies and equilibrium outcomes through numerical simulations of a multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of Italy. Players negotiate in an alternating-offer manner over the sharing of water resources (quantity and quality). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability is not known with... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Bargaining; Non-Cooperative Game Theory; Simulation Models; Uncertainty; Environmental Economics and Policy; C61; C71; C78. |
| Ano: 2007 |
URL: http://purl.umn.edu/7446 |
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| Sgobbi, Alessandra; Carraro, Carlo. |
| The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is extremely hard, involving a multiplicity of questions and complex issues. The objective of this paper is to provide new insights on some dimensions of the bargaining process asymmetries and uncertainties in particular by using a non-cooperative game theory approach. We develop a computational model which simulates the process of negotiation among more than two players, who bargain over the sharing of more than one pie. Through numerically simulating several multiple issues negotiation games among multiple players, we identify the main features of players optimal strategies and equilibrium agreements. As in most economic situations,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Bargaining; Non-Cooperative Game Theory; Simulation Models; Uncertainty; Risk and Uncertainty; C61; C71; C78. |
| Ano: 2007 |
URL: http://purl.umn.edu/8224 |
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