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We analyze the incentives for cooperation of three players differing in their efficiency of effort in a contest game. We concentrate on the non-cooperative bargaining foundation of coalition formation, and therefore, we adopt a two-stage model. In the first stage, individuals form coalitions...
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the Physiocrats. He was the travelling ambassador of their ideas. He deeply believed in their program: competition, free …
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the Physiocrats. He was the travelling ambassador of their ideas. He deeply believed in their program: competition, free …
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