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This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …
Persistent link: https://www.econbiz.de/10012650908
This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …
Persistent link: https://www.econbiz.de/10012705280
In a series of papers, Aumann and Roth discussed a game in which players can cooperate in pairs and two of them prefer to form a coalition with each other. Roth argued that the only rational outcome is that the players who prefer each other form a coalition; Aumann argued that all three...
Persistent link: https://www.econbiz.de/10005118554
externalities. To find the equilibrium coalition structure and the expected payoffs, we use the solution proposed by Maskin (2003 …
Persistent link: https://www.econbiz.de/10005789461
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …
Persistent link: https://www.econbiz.de/10011608412
Persistent link: https://www.econbiz.de/10014327254
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …
Persistent link: https://www.econbiz.de/10011602846
efficient, regardless of externalities created by interim actions. Otherwise, in the presence of externalities on outside …
Persistent link: https://www.econbiz.de/10014071741
We study coalition formation problems with general externalities. We prove that if expectations are not prudent a …
Persistent link: https://www.econbiz.de/10014256282
continue to negotiate as long as there are gains from trade, and coalitions may create positive or negative externalities. The …
Persistent link: https://www.econbiz.de/10014035050