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interacts with every other member, but does not extend to more complex networks of interaction. Although it is in the interest …
Persistent link: https://www.econbiz.de/10011263589
approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …
Persistent link: https://www.econbiz.de/10011255412
This paper provides a flexible strategic framework to analyze bargaining and values in environments with coalitional … mechanism. This mechanism extends existing models of multilateral bargaining by allowing players a higher degree of freedom to …
Persistent link: https://www.econbiz.de/10011263578
approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …
Persistent link: https://www.econbiz.de/10014025454
An evolutionary style model of recontracting is given which guarantees convergence to core allocations of an underlying cooperative game. Unlike its predecessors in the evolution/learning literature, this is achieved without assumptions of convexity of the characteristic function or a reliance...
Persistent link: https://www.econbiz.de/10010582585
We test the empirical effectiveness of two theoretical proposals to equilibrate bargaining power in bilateral … bargaining. Our experimental design is based on the two-player versions of the multibidding game (Pérez-Castrillo & Wettstein …’ bargaining power by auctioning the role of the proposer in the first stage. We find that proposers learn how to send an …
Persistent link: https://www.econbiz.de/10011051344
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
Persistent link: https://www.econbiz.de/10014025687
future choices. These considerations motivate a rich research programme on how social networks shape individual and …
Persistent link: https://www.econbiz.de/10014025688
We investigate the scope for cooperation in a community engaged in repeated interactions. Players seek the help of … sustaining cooperation in equilibrium. It turns out that these are the profiles that spread the costs of helping equally. We …
Persistent link: https://www.econbiz.de/10011077020
satisfying component efficiency and equal bargaining power under the [DC] condition. If the [DC] condition does not hold, it … fails to satisfy component efficiency, but can be shown to be the only allocation rule that satisfies equal bargaining power …
Persistent link: https://www.econbiz.de/10005579643