Showing 1 - 10 of 118
Persistent link: https://www.econbiz.de/10001338496
We study the group stability of collective decision making when society is organized according to a non directed graph, and groups' payoff possibilities are given by a partition function. We focus on the stability properties of hierarchical organizations, formally described by minimally...
Persistent link: https://www.econbiz.de/10011589731
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We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and – whenever this is possible – they...
Persistent link: https://www.econbiz.de/10011596414
We study the stability properties of organizations in partition function games, describing cooperative situations with externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected graph. Because of the presence of...
Persistent link: https://www.econbiz.de/10011597403
overinvestment both relative to the mixed-strategy equilibrium and the social optimum. -- All-pay auctions ; oligopoly ; investment …
Persistent link: https://www.econbiz.de/10003892457
The global nature of the climatic challenge requires a high level of cooperation among agents, especially since most of the related coping strategies produce some kind of externalities toward others. Whether they are positive or negative, the presence of externalities may lead the system towards...
Persistent link: https://www.econbiz.de/10012028341
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...
Persistent link: https://www.econbiz.de/10011603119
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This paper studies the impact of adaptation on the stability of an international emission agreement. To address this issue we solve a three-stage coalition formation game where in the first stage countries decide whether or not to sign the agreement. Then, in the second stage, signatories...
Persistent link: https://www.econbiz.de/10011899731