Showing 1 - 10 of 3,430
; Cover Function ; Bargaining ; Symmetric Game ; Network … the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at …
Persistent link: https://www.econbiz.de/10008737140
the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at …
Persistent link: https://www.econbiz.de/10014190389
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash … form an undirected network with explicit linking costs anticipating expected equilibrium payoffs from the subsequent …
Persistent link: https://www.econbiz.de/10010458499
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for …
Persistent link: https://www.econbiz.de/10011279698
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form costly undirected links anticipating expected equilibrium payoffs from the subsequent network bargaining. Assuming … are not even singularly pairwise stable. As an important implication, this reveals the diversity of possible bargaining …
Persistent link: https://www.econbiz.de/10011296326
engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information … volume when there are more buyers than sellers or when sellers have more bargaining power. In most cases, market surplus is … volume. When sellers have more bargaining power than buyers, information exchange leads to trade above the Walrasian level …
Persistent link: https://www.econbiz.de/10011576406
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn … among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also … covers models of group and network formation by farsighted players and in dynamic contexts. The chapter concludes with a …
Persistent link: https://www.econbiz.de/10014025687
cooperative game may cause the Coase Theorem to fail, even when other more direct impediments to bargaining are low. We show that … the standard Coasean bargaining game involving three parties is strategically equivalent to an asymmetric three … always possible to find a set of transaction costs which, when introduced into a frictionless bargaining situation, will …
Persistent link: https://www.econbiz.de/10014165917
This paper examines conditions for stability in bargaining networks. Network formation is endogenized and payoffs are … internalize the entire network structure when choosing trading partners. The set of link stable networks is characterized for all … positive fixed costs per link. It can be shown that for all positive costs link-stable Manea bargaining networks are of degree …
Persistent link: https://www.econbiz.de/10013002376
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for …
Persistent link: https://www.econbiz.de/10013021336