Segal, Ilya - In: Review of Economic Studies 70 (2003) 2, pp. 439-460
This paper examines the profitability of three types of integration in a cooperative game solved by a random-order value (e.g. the Shapley value). Collusion between players i and j is a contract merging their resources in the hands of one of them, say i. This contract can be represented as a...