The “Win-Win-Win Papakonstantinidis Model”: from Social Welfare’s Philosophy towards a Rural Development Concept by Rural Tourism Approach: The WERT Case Study

2017 ◽  
Vol 3 (1) ◽  
pp. 7-25 ◽  
Author(s):  
Papakonstantinidis L.A
Keyword(s):  
Rural Development ◽  
Social Welfare ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Impossibility Theorem ◽  
Bargaining Solution ◽  
Kenneth Arrow ◽  
Development Objectives

The article is dealing with two interconnected problems based on the conjectures: a) social welfare is a condition for rural development and not the prerequisite for it; b) shape a new landscape (the “win-win-win”) based on critique of the “Impossibility Theorem (Kenneth Arrow 1951) through the Nash Bargaining Solution (Nash, John 1950). Specifically, this article discusses and analyses social welfare and rural development objectives integrating elements from the impossibility theorem, the bargaining theory, and the theory of agency by (a) reviewing the literature on coordination “social welfare” and “rural development” (b) reversing the focus from “voting” to “bargaining” and (c) underlining that Social choice is the perquisite of social welfare, using the “win-win-win Papakonstantinidis model’s solution as the bridge between “voting”(Arrow) and “bargaining”(proposal). This solution highlights the Role of Rural Community as an “Aggregation” corresponding to its “sensitization process”.

scholarly journals Raiffa-Kalai-Smorodinsky Bargaining Solution for Bilateral Contracts in Electricity Markets

Energies ◽  
2020 ◽  
Vol 13 (9) ◽  
pp. 2397
Author(s):  
Reinaldo Crispiniano Garcia ◽  
Javier Contreras ◽  
Matheus de Lima Barbosa ◽  
Felipe Silva Toledo ◽  
Paulo Vinicius Aires da Cunha
Keyword(s):  
Electricity Markets ◽  
Price Volatility ◽  
Spot Market ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Bargaining Solution ◽  
Market Pricing ◽  
Bilateral Contracts ◽  
Generation Company

In electricity markets, bilateral contracts (BC) are used to hedge against price volatility in the spot market. Pricing these contracts requires scheduling from either the buyer or the seller aiming to achieve the highest profit possible. Since this problem includes different players, a Generation Company (GC) and an Electricity Supplier Company (ESC) are considered. The approaches to solve this problem include the Nash Bargaining Solution (NBS) equilibrium and the Raiffa–Kalai–Smorodinsky (RKS) bargaining solution. The innovation of this work is the implementation of an algorithm based on the RKS equilibrium to find a compromise strategy when determining the concessions to be made by the parties. The results are promising and show that the RKS approach can obtain better results compared to the Nash equilibrium method applied to a case study.

scholarly journals Asymmetric Bargaining Model for Water Resource Allocation over Transboundary Rivers

2019 ◽  
Vol 16 (10) ◽  
pp. 1733 ◽  
Author(s):  
Jianan Qin ◽  
Xiang Fu ◽  
Shaoming Peng ◽  
Yuni Xu ◽  
Jie Huang ◽  
...  
Keyword(s):  
Water Distribution ◽  
Water Governance ◽  
Political Influence ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Bargaining Solution ◽  
Mathematical Framework ◽  
Bargaining Model ◽  
Military Status

Sustainable transboundary water governance is often challenged by conflicts between agents, which necessitates the design of cooperative and self-enforcing alternatives to facilitate equitable water distribution. The Nash bargaining approach, which originated from game theory, could offer a good mathematical framework to simulate strategic interactions among involved agents by considering individual rational benefits. Given that river-sharing problems often involve multiple self-interested agents, the asymmetric Nash bargaining solution (ANBS) could be used to describe agents’ powers, as determined by disparate social, economic, and political as well as military status, and ensure win–win strategies based on individual rationality. This paper proposed an asymmetric bargaining model by combining multi-criteria decision making, bankruptcy theory, and the ANBS for water distribution in the transboundary river context. The Euphrates River Basin (ERB) with three littoral states was used as a case study. Turkey has the highest bargaining power in ERB negotiation since it dominates in terms of economic strength, political influence, and military capacity, whereas in the two downstream countries these aspects are limited due to their internal political fragmentation and weaker military status. The water satisfaction percentages of Turkey, Syria, and Iraq under the best alternative are 96.30%, 84.23%, and 40.88%, respectively. The findings highlight the necessity for synthetically considering the agent’s disagreement utility and asymmetrical power when negotiating over water allocation.

scholarly journals The role of fixed cost in international environmental negotiations

2011 ◽  
Vol 16 (2) ◽  
pp. 221-238 ◽  
Author(s):  
BASAK BAYRAMOGLU ◽  
JEAN-FRANÇOIS JACQUES
Keyword(s):  
Coalition Formation ◽  
Relative Efficiency ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Fixed Cost ◽  
Bargaining Solution ◽  
Environmental Negotiations ◽  
International Environmental Negotiations ◽  
Threat Point

ABSTRACTWe investigate the relative efficiency of an agreement based on a uniform standard without transfers and one based on differentiated standards with transfers when strictly identical countries deal with transboundary pollution. We especially ask what role fixed cost plays. Two approaches are examined: the Nash bargaining solution, involving two countries, and the coalition formation framework, involving numerous countries and emphasizing self-enforcing agreements. In the former, in terms of welfare, strictly identical countries may wish to reduce their emissions in a non-uniform way under the differentiated agreement. For this result to hold, the fixed cost of investment in abatement technology must be sufficiently high. The nature of the threat point of negotiations, however, also plays a crucial role. As concerns global abatement, the two countries abate more under the uniform agreement than under the differentiated one. In terms of coalition formation when numerous countries are involved, a grand coalition could emerge under a differentiated agreement.

The (Stabilized) Nash Bargaining Solution as a Principle of Distributive Justice

Utilitas ◽  
2010 ◽  
Vol 22 (4) ◽  
pp. 447-473 ◽  
Author(s):  
MICHAEL MOEHLER
Keyword(s):  
Distributive Justice ◽  
Moral Reasoning ◽  
Bargaining Power ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Original Position ◽  
Bargaining Solution ◽  
Moral Intuitions ◽  
Instrumental Reasoning ◽  
Relative Bargaining Power

It is argued that the Nash bargaining solution cannot serve as a principle of distributive justice because (i) it cannot secure stable cooperation in repeated interactions and (ii) it cannot capture our moral intuitions concerning distributive questions. In this article, I propose a solution to the first problem by amending the Nash bargaining solution so that it can maintain stable cooperation among rational bargainers. I call the resulting principle the stabilized Nash bargaining solution. The principle defends justice in the form ‘each according to her basic needs and above this level according to her relative bargaining power’. In response to the second problem, I argue that the stabilized Nash bargaining solution can serve as a principle of distributive justice in certain situations where moral reasoning is reduced to instrumental reasoning. In particular, I argue that rational individuals would choose the stabilized Nash bargaining solution in Rawls’ original position.

Dynamic Subcarrier and Power Allocation Based on Nash Bargaining Solution in Symmetric Cooperative OFDMA Networks

2011 ◽  
Vol 187 ◽  
pp. 510-515
Author(s):  
Wei Liu ◽  
Jing Min Tang
Keyword(s):  
Power Allocation ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Bargaining Solution ◽  
Subcarrier Allocation ◽  
Allocation Scheme ◽  
Allocation Algorithm ◽  
Cooperative Scheme ◽  
Joint Resource Allocation ◽  
Adaptive Power

In this paper, subcarrier and power allocation are jointly considered in a three-node symmetric cooperation orthogonal frequency-division multiple access uplink system. With the help of Nash bargaining solution, the dynamic subcarrier allocation scheme and the adaptive power allocation scheme are proposed for joint optimization. The joint resource allocation is decomposed and solved by dynamic subcarrier allocation algorithm and adaptive power allocation algorithm. Simulation results show the effectiveness of the proposed cooperative scheme.

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