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By employing the news-vendor game model, we investigate a resource allocation problem with bargaining solutions.
Various solution concepts, such as Nash equilibrium, reaction function equilibrium, correlated equilibrium and bargaining solutions are applied, analyzed and computed.
In addition to Rawls's concern about threat advantage, a drawback of all such approaches is the multiplicity of bargaining solutions, which can significantly differ.
We also obtain Nash bargaining solutions, which are Pareto points that are fairer to the transmitting users.
Within the feasible set, we now define the notion of Pareto optimal concept as representing selection criterion for bargaining solutions.
The power distribution problem can also be solved by game-theoretic bargaining solutions, e.g., Nash bargaining game and auction [3].
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Nash bargaining solution.
Raiffa-Kalai-Smorodinsky bargaining solution.
These are modelled by the generalized Nash bargaining solution.
The most popular approaches are the Nash bargaining solution (NBS) and the Kalai-Smorodinsky bargaining solution (KSBS) [6, 23].
Finally, we generalize our main result by allowing an asymmetric Nash bargaining solution.
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