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This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...
Persistent link: https://www.econbiz.de/10008752111
We provide a general coalitional procedure that characterizes a family of rules for bankruptcy problems inspired by the Talmud.
Persistent link: https://www.econbiz.de/10008752112
We provide a general coalitional procedure that characterizes a family of rules for bankruptcy problems inspired by the Talmud.
Persistent link: https://www.econbiz.de/10008764893
This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...
Persistent link: https://www.econbiz.de/10008764895
Persistent link: https://www.econbiz.de/10008783045
The veil of ignorance has been used often as a tool for recommending what justice requires with respect to the distribution of wealth. We complete Harsanyi's model of the veil of ignorance by appending information permitting objective comparisons among persons. In order to do so, we introduce...
Persistent link: https://www.econbiz.de/10008783544
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