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We augment the standard cartel formation game from non-cooperative coalition theory, often applied in the context of … international environmental agreements on climate change, with the possibility that singletons support coalition formation without … becoming coalition members themselves. Rather, their support takes the form of a monetary transfer to the coalition, which …
Persistent link: https://www.econbiz.de/10010477108
coalition theory, we find that the potential benefits of water trade may not be sufficient to make all agents in the river …
Persistent link: https://www.econbiz.de/10010464793
Persistent link: https://www.econbiz.de/10010191203
coalition to coordinate provision. Compared with games with only goods (or only bads) we find larger coalitions in equilibrium …. Specifically, we analyze a game with quadratic benefit- and cost functions and we find the grand coalition to be stable except for … situations where agents have identical or almost identical characteristics. The main driving force of coalition stability is that …
Persistent link: https://www.econbiz.de/10014380761
We examine the role of support for coalition stability in common pool resource games such as fisheries games. Some … players may not want to join a coalition that jointly manages a resource. Still, because they benefit from spillovers, they … may want to support the coalition with a transfer payment in order to set incentives for others to join. We find that the …
Persistent link: https://www.econbiz.de/10011924829
Water markets with market power are analysed as multi-market Cournot competition in which the river structure constrains access to local markets and limited resources impose capacity constraints. Conditions for uniqueness are identified. Lerner indices are larger under binding resource...
Persistent link: https://www.econbiz.de/10011380731
environment, their agreements may be exempted from cartel law. To qualify, the public benefits must compensate consumers for … higher prices of the private good. We study the balancing involved in assessing a public interest-cartel in a public goods … Samuelson condition. The cartel will provide minimal public good for maximal overcharges. Nevertheless it is typically not …
Persistent link: https://www.econbiz.de/10012149732
Persistent link: https://www.econbiz.de/10003811434
significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal …
Persistent link: https://www.econbiz.de/10011376529
Persistent link: https://www.econbiz.de/10009722686