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Consider a variant of the ultimatum game, with indivisible units. Two people use the following procedure to allocate two desirable identical indivisible objects. One person proposes an allocation (both objects go to person 1, both go to person 2, one goes to each person), which the other person then either accepts or rejects. In the event of rejection, neither person receives either object. Each person cares only about the number of objects she obtains. Does the game have any Nash equilibrium that is not a subgame perfect equilibrium? Is there any outcome that is generated by a Nash equilibrium but not by any subgame perfect equilibrium?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9481891

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