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An equilibrium cooperative optimization solution for two-person non-transferable utility games
Author(s)
Date Issued
2017
Journal
ISSN
1314-7552
1312-885X
Citation
Applied Mathematical Sciences, 2017, vol. 11(29), pp. 1413-1422.
Type
Peer Reviewed Journal Article
Abstract
In this paper, we provide an equilibrium cooperative optimization solution to two-person cooperative games in which the payoffs or utility are non-transferable. In particular, a strategic scheme is designed to determine the cooperative weight for joint optimization leading to the equilibrium point on the Pareto optimal frontier. A cooperative optimization solution with a non-cooperative game theoretic foundation is obtained. It is significantly different from existing cooperative solutions like the Nash bargaining solution, the Kalai proportional bargaining solution the Kalai-Smorodinsky bargaining solution
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