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sellers. In the homogeneous case, equilibrium exists when number of buyers is significantly large or market has no new …
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In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to … for any network-coalition pair to persist and be stable (pairwise, strong, or Nash) it is necessary and sufficient that …
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This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...
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