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theoretical literature, based on game theory, discusses different concepts and mechanisms for the stability of coalitions and has …
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We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
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repeated game setting. We show that partial tax coordination is more likely to prevail if the number of regions in a coalition …
Persistent link: https://www.econbiz.de/10003994121
particular, for a given coalition structure we study to what extend the stability of tax agreements is affected by the coalitions … means of a repeated game setting employing simple trigger strategies and we allow a sub-coalition to deviate from the … coalitional equilibrium. For a given form of punishment we are able to rank the stability of different coalition structures as …
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In a model where cooperation is beneficial, but subject to cheating, and is supported by trigger strategy punishments in a repeated game, we explore the relationship between the nature of cooperation (size and composition of coalitions) and underlying inequality in the distribution of private...
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