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We propose and analyze a new solution concept, theR-solution, for three-person, transferable utility, cooperative games. In the spirit of the Nash Bargaining Solution, our concept is founded on the predicted outcomes of simultaneous, two-party negotiations that would be the alternative to the...
Persistent link: https://www.econbiz.de/10010851496
high or call externality high and call demand elasticity low. Our predictions are consistent both with observed network …
Persistent link: https://www.econbiz.de/10010851429
network i pays to network j as a linear function of the marginal costs and the retail prices set by both networks. In the case …We study a retail benchmarking approach to determine access prices for interconnected networks. Instead of considering …, network coverage or investment: for instance, we show that both static and dynamic efficiency can be achieved at the same time. …
Persistent link: https://www.econbiz.de/10010547219
In this paper, we study how access pricing affects network competition when subscription demand is elastic and each … network uses non-linear prices and can apply termination-based price discrimination. In the case of a fixed per minute … but helps to internalize network externalities. The former reduces mobile penetration while the latter boosts it. We find …
Persistent link: https://www.econbiz.de/10010547319
We re-examine the literature on mobile termination in the presence of network externalities. Externalities arise when … since in reality we see regulators worldwide pushing termination rates down while being opposed by network operators. We …
Persistent link: https://www.econbiz.de/10010547369
networks. Moreover, the payoffs received by the agents coincide with their Shapley value in an appropriately defined …
Persistent link: https://www.econbiz.de/10010547440
We conduct a laboratory experiment to study how, after a history of decay, cooperation in a repeated voluntary contribution game can be revived in an enduring way. Simply starting the repeated game over - a simple fresh start - leads to an initial increase of cooperation, but to a subsequent new...
Persistent link: https://www.econbiz.de/10011261233
Egalitarianism and meritocracy are competing principles to distribute the joint benefits of cooperation. We examine the consequences of letting members of society vote between those two principles, in a context where individuals must joint with others into coalitions of a certain size to become...
Persistent link: https://www.econbiz.de/10011188507
We consider situations in which agents are not able to completely distinguish between all alternatives. Preferences respect individual objective indifferences if any two alternatives are indifferent whenever an agent cannot distinguish between them. We present necessary and sufficient conditions...
Persistent link: https://www.econbiz.de/10010773131
We implement a family of efficient proposals to share benefits generated in environments with externalities. These proposals extend the Shapley value to games with externalities and are parametrized through the method by which the externalities are averaged. We construct two slightly different...
Persistent link: https://www.econbiz.de/10010851327