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We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition …, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the …
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We consider a hedonic coalition formation game in which at each possible partition any new coalition can decide the … can decide whether or not to support a coalition's move: they know which future partition, and hence payoffs, will be … probabilities that are always above some e > 0, then there is a behavior profile in which no coalition has a profitable one …
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the tax game. This game estimates the fiscal resources collected in each region, or coalition of regions, by …. Similarly, the stability of a budget allocation can be inferred by its situation within the core of the corresponding tax game …
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than usual discount of $10 million among 5 importers. The discount is a result of forming a coalition by 5 current …
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This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
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