Showing 1 - 10 of 20
Morelli (American Political Science Review, 1999) provides a majoritarian bargaining model in which the parties make payoff demands and the order of moves is chosen by the leading party. Morelli's main proposition states that the ex post distribution of payoffs inside the coalition that forms is...
Persistent link: https://www.econbiz.de/10005407598
This paper studies coalition formation and payoff division in majority games under the following assumptions: first, payoff division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the coalition can break down, in which case a new coalition...
Persistent link: https://www.econbiz.de/10005062335
Inequity aversion models have been used to explain equitable payoff divisions in bargaining games. I show that inequity aversion can actually increase the asymmetry of payoff division inside the coalition that forms in majoritarian bargaining games.
Persistent link: https://www.econbiz.de/10005062375
In a series of papers, Aumann and Roth discussed a game in which players can cooperate in pairs and two of them prefer to form a coalition with each other. Roth argued that the only rational outcome is that the players who prefer each other form a coalition; Aumann argued that all three...
Persistent link: https://www.econbiz.de/10005118554
This paper shows that altruism may be beneficial in bargaining when there is competition for bargaining partners. In a game with random proposers, the most altruistic player has the highest material payoff if players are sufficiently patient. However, this advantage is eroded as the discount...
Persistent link: https://www.econbiz.de/10005124853
We define the canonical form of a cost spanning tree problem. The canonical form has the property that reducing the cost of any arc, the minimal cost of connecting agents to the source is also reduced. We argue that the canonical form is a relevant concept in this kind of problems and study a...
Persistent link: https://www.econbiz.de/10005407561
In this paper we study the restriction, to the class of bargaining problems with coalition structure, of several values which have been proposed on the class of non-transferable utility games with coalition structure. We prove that all of them coincide with the solution independently studied in...
Persistent link: https://www.econbiz.de/10005407618
We associate an optimistic coalitional game with each minimum cost spanning tree problem. We define the worth of a coalition as the cost of connection assuming that the rest of the agents are already connected. We define a cost sharing rule as the Shapley value of this optimistic game. We prove...
Persistent link: https://www.econbiz.de/10005062325
In this paper we characterize the set of rules satisfying additivity on the estate along with additivity on the estate and the claims in bankruptcy problems and other related problems. Moreover, new characterizations of the well known rules based on the principles of "equal award", "equal loss",...
Persistent link: https://www.econbiz.de/10005062337
We characterize a rule in cost spanning tree problems using an additivity property and some basic properties. If the set of possible agents has at least three agents, these basic properties are symmetry and separability. If the set of possible agents has two agents, we must add positivity. In...
Persistent link: https://www.econbiz.de/10005062345