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Cartel formation in Cournot competition with asymmetric costs : a partition function approach

Abe, Takaaki - In: Games 12 (2021) 1/14, pp. 1-16

In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We assume that a firm obtains a certain cost advantage that allows it to produce goods at a lower unit cost. We show that if the level of the cost advantage is "moderate", then...

Persistent link: https://www.econbiz.de/10012432603

Cooperative strategic games

Kohlberg, Elon; Neyman, Abraham - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 825-851

The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...

Persistent link: https://www.econbiz.de/10012806287

Robust group strategy‐proofness

Kivinen, Steven; Tumennasan, Norovsambuu - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1351-1389

Strategy‐proofness (SP) is a sought‐after property in social choice functions because it ensures that agents have no incentive to misrepresent their private information at both the interim and ex post stages. Group strategy‐proofness (GSP), however, is a notion that is applied to the ex...

Persistent link: https://www.econbiz.de/10012806548

Equilibrium coalitional behavior

Kimya, Mert - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 669-714

, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally … that specifies the negotiation procedure underlying coalition formation. Therefore, it forms a bridge between the non …

Persistent link: https://www.econbiz.de/10012308618

Farsighted rationality in hedonic games

Demeze-Jouatsa, G.-Herman; Karos, Dominik - 2021

We consider a hedonic coalition formation game in which at each possible partition any new coalition can decide the … can decide whether or not to support a coalition's move: they know which future partition, and hence payoffs, will be … probabilities that are always above some e > 0, then there is a behavior profile in which no coalition has a profitable one …

Persistent link: https://www.econbiz.de/10012659142

Measuring the difficulties in forming a coalition government

Hiller, Tobias - In: Games 14 (2023) 2, pp. 1-15

parliaments and facilitate the formation of a coalition government. However, the clauses also introduce distortions and modify the … necessary to measure the difficulties in forming a coalition government and to quantify the effects of electoral thresholds on … these difficulties. For this issue, we introduce a concept based on cooperative game theory which takes into account the …

Persistent link: https://www.econbiz.de/10014422490

Sixty-seven years of the Nash program : time for retirement?

Serrano, Roberto - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 1, pp. 35-48

the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty …

Persistent link: https://www.econbiz.de/10012503895

On bargaining norms as solutions to cost-minimization problems

Tatur, Tymon - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 4, pp. 1443-1472

This paper studies bargaining outcomes in economies in which agents may be able to impose outcomes that deviate from the relevant social norms but incur costs when they do so. It characterizes bargaining outcomes that are easiest for a society to sustain as part of a social norm that everybody...

Persistent link: https://www.econbiz.de/10015135347

Political equality, coalition formation, and economic performance in autocracies

Yao, Yang - In: China economic quarterly international : CEQI 1 (2021) 1, pp. 72-83

Autocracies have diverse records of economic growth. This paper provides a theory of endogenous coalition formation to … explain economic performance in autocracy. The nature of the ruling coalition that the autocrat relies on to rule the society … ultimately determines economic performance. A stable ruling coalition has to be invasion-proof --- i.e., being able to resist …

Persistent link: https://www.econbiz.de/10013163677

Redistribution of tax resources : a cooperative game theory approach

Calvo, Emilio - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 4, pp. 633-686

the tax game. This game estimates the fiscal resources collected in each region, or coalition of regions, by …

Persistent link: https://www.econbiz.de/10012694354