Self-optimality and efficiency in utility distortion games
In social choice problems where players may strategically misrepresent their preferences, a profile of preferences is called self-optimal if reporting them is a Nash equilibrium given that they are the true preferences. Self-optimality can be interpreted as a very weak honesty requirement. The self-optimality concept is applied to a utility distortion game in the context of bargaining; this yields a characterization of efficient Nash equilibria.
scientific article; zbMATH DE number 57739
scientific article