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We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural …
Persistent link: https://www.econbiz.de/10010191642
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 … discussion of efficient network and coalition formation procedures and directions for future research. …
Persistent link: https://www.econbiz.de/10014025687
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10008737140
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10014190389
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can …
Persistent link: https://www.econbiz.de/10011296159
efficient, regardless of externalities created by interim actions. Otherwise, in the presence of externalities on outside … the distribution of coalitional gains and the dynamics of coalition formation in four illustrative applications …
Persistent link: https://www.econbiz.de/10014071741
Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435
coalition formation. It allows to make an explicit distinction between within-group and outside-group deviation options. This … the bargaining set containing a minimal winning coalition are characterized. Furthermore, it is shown that the bargaining … set of any homogeneous weighted majority game contains an outcome for which the underlying coalition structure consists of …
Persistent link: https://www.econbiz.de/10012733871
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i … distribution of coalitional gains and the dynamics of coalition formation are characterized in four illustrative applications. …
Persistent link: https://www.econbiz.de/10011602846
externalities are more positive, there exists a grand-coalition SSPE of the bargaining game for any discount factor. However, if the … separately, considering wage contract externalities. We show that if the two workers are sufficiently complementary or if … two workers are sufficiently substitutable, there is no grand-coalition SSPE for any discount factor. In addition, we …
Persistent link: https://www.econbiz.de/10012996131