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coalition formation among three countries in order to examine the endogenous strategic considerations in the creation and … enlargement of international unions. Why would we observe a gradualist approach in the formation of the grand coalition even if …
Persistent link: https://www.econbiz.de/10013316888
policy. To this end, we expand the modest coalition formation game, in which countries first decide on whether to join an … joining the IEA set emissions to internalize some exogenously given fraction of the externalities that own emissions cause on … and emissions. We find that strategic delegation crowds out all efforts to increase coalition sizes by less ambitious …
Persistent link: https://www.econbiz.de/10013314772
Consider a contract over trade in continuous time between two players, according to which one player makes a payment to the other, in exchange for an exogenous service. At each point in time, either player may unilaterally require an adjustment of the contract payment, involving adjustment costs...
Persistent link: https://www.econbiz.de/10010261197
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012841137
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of negotiations on water allocation and management. We explore the impacts of different economic incentives, a stochastic environment and varying individual preferences on players'...
Persistent link: https://www.econbiz.de/10010264274
We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different …
Persistent link: https://www.econbiz.de/10011522502
This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents' social preferences...
Persistent link: https://www.econbiz.de/10013353396
This study explores mechanism design with allocation-based social preferences. Agents’ social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents’ social...
Persistent link: https://www.econbiz.de/10014082238
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game …) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable … which the bidders' final utility possibly depends on the winner's identity. We show that such direct externalities offer a …
Persistent link: https://www.econbiz.de/10010273875
In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how … of the prize often takes place after the coalition formation stage. This creates the possibility for some players to ask … strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …
Persistent link: https://www.econbiz.de/10013235112