The new economic reality of heightened international competition, constant technological change, and cross border migration flowsreferred to in shorthand as globalizationʺhas upset traditional forms of governing capitalist economies. Nation-states were once considered the only appropriate scale...

This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...

We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous transfer selection in a Nash demand like game in each period. Players in groups can counterpropose. We give necessary and sufficient conditions for efficiency in terms of cyclical...