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We show the nuetrality of coalition formation in the sequential bargaining game a la Stahl-Binmore-Rubinstein with random proposers. To that end, we juxtapose an ex-ante coalition formation stage to their bargaining game. Based on the expected outcomes in the negotiation over how to split a...
Persistent link: https://www.econbiz.de/10005570217
Based on a result due to Ray and Vohra showing the possibility of inefficiency due to a coalition formation in an international emission reduction game, we consider a possibility of negotiation preceding the negotiation stage, and by means of an example, indicate that the efficiency is restored....
Persistent link: https://www.econbiz.de/10011598254
Based on a result due to Ray and Vohra showing the possibility of inefficiency due to a coalition formation in an international emission reduction game, we consider a possibility of negotiation preceding the negotiation stage, and by means of an example, indicate that the efficiency is restored....
Persistent link: https://www.econbiz.de/10011335773