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Bargaining over a common conceptual space

Working paper
Author/s: 
Marco LiCalzi, Nadia Mâagli 
Issue number: 
2014.52
Series: 
CES Working Papers
Publisher: 
Centre d’Economie de la Sorbonne
Year: 
2014
PDF [1]
Two agents endowed with di erent individual conceptual spaces are engaged in a dialectic process to reach a common understanding. We model the process as a simple noncooperative game and demonstrate three results. When the initial disagreement is focused, the bargaining process has a zero-sum structure. When the disagreement is widespread, the zero-sum structure disappears and the unique equilibrium requires a retraction of consensus: two agents who individually agree to associate a region with the same concept end up rebranding it as a di erent concept. Finally, we document a conversers' dilemma: this last equilibrium outcome is Pareto-dominated by a cooperative solution that avoids retraction.
Tags: 
Bargaining Theory [2]

Source URL:http://coalitiontheory.net/content/bargaining-over-common-conceptual-space

Links
[1] ftp://mse.univ-paris1.fr/pub/mse/CES2014/14052.pdf [2] http://coalitiontheory.net/research-areas/bargaining-theory