This paper shows how this becomes an informational first-mover advantage that turns innovators into the market leader.

This paper provides a co-operative as well as a non-cooperative analysis of weighted majority games. The co-operative solution concept introduced here, the Stable Demand Set, yields a meaningful selection within the Mas-Colell Bargaining Set, it contains the Core, it eliminates the "dominated"...

We examine how natural resource location, rent sharing and fighting capacities of different groups matter for ethnic conflict. A new type of bargaining failure due to multiple types of potential conflicts (and hence multiple threat points) is identified. The theory predicts conflict to be more...