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This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10014190389
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for … efficient equilibria and shows the prevalence of strategic delays. If the underlying network is either complete or circular …
Persistent link: https://www.econbiz.de/10011279698
bargaining solution, for games where the worth of all pairwise coalition is less than a third of the grand coalition value; the … Shapley value, for games where the sum of the value created by all pairwise coalitions is greater than the grand coalition … value; or the nucleolus, for games where only the 'natural coalition' among two 'natural partners' creates significant value …
Persistent link: https://www.econbiz.de/10014035050
Persistent link: https://www.econbiz.de/10011749470
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/10010272385
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10008674336
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more … payoffs at each date according to the coalition structure prevailing at the time. We use this model to nest two broad … approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …
Persistent link: https://www.econbiz.de/10014025454
the seller acts as a network bridge with power over the buyer and if there are enough buyers with low valuations so that …
Persistent link: https://www.econbiz.de/10011550488
We conduct an artefactual field experiment in real-existing trade networks to analyze how individual network degree … 24 villages in Uganda. To identify the effect of individual degree in the village trade network we experimentally vary … predicted direction when one of the bargainers is informed about the network positions but not when both sides are informed …
Persistent link: https://www.econbiz.de/10015394146