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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
We study coalition formation problems with general externalities. We prove that if expectations are not prudent a … stable coalitions structure can fail to exist. Under prudent expectations a stable coalition structure exists if the set of … admissible coalitions is single-lapping. This assumption also guarantees the existence of a stable and efficient coalition …
Persistent link: https://www.econbiz.de/10014256282
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 studies an extensive form game of coalition formation with random proposers in games with externalities. It … strong condition, the equilibrium coalition structure is not necessarily efficient. There may be multiple equilibria even in … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …
Persistent link: https://www.econbiz.de/10012650908
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
We study assignment problems with externalities where agents have expectations about the reactions of other agents to …
Persistent link: https://www.econbiz.de/10014358116
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
We study coalitional stability in matching problems with externalities, including marriage markets, roommate problems … deviation, the social connectedness of those that can react to it, and the incidence of externalities in preferences. At the …
Persistent link: https://www.econbiz.de/10013313691
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10011694996