Showing 1 - 10 of 62
markets, to attain higher value from the emission trading, we have shown that coalition strategies provide a pertinent … coalitions and hence the coalition strategies. …
Persistent link: https://www.econbiz.de/10005550910
Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...
Persistent link: https://www.econbiz.de/10005407624
A formal scheme is described for coalition formation in a game of interconnected participants with monotonic utility …
Persistent link: https://www.econbiz.de/10005407534
This paper shows that altruism may be beneficial in bargaining when there is competition for bargaining partners. In a game with random proposers, the most altruistic player has the highest material payoff if players are sufficiently patient. However, this advantage is eroded as the discount...
Persistent link: https://www.econbiz.de/10005124853
In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
Persistent link: https://www.econbiz.de/10005126333
standards coalition in the first stage of a game, and play an oligopoly game in the second stage. In adding itself to a … technical standards coalition, a firm benefits from the network effects of the whole coalition, but also faces increased … competition in the output market from other firms in the coalition. Also, the increase of the size of the coalition changes the …
Persistent link: https://www.econbiz.de/10005135071
This paper studies coalition formation and payoff division in majority games under the following assumptions: first …, payoff division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the … coalition can break down, in which case a new coalition may be formed (reversible coalitions). Under the most natural bargaining …
Persistent link: https://www.econbiz.de/10005062335
We study how social norms and individual rationality in the process of coalition formation sustain a particular form of … phenomenon the `tragedy of the clubs'. We model club formation as a non-cooperative game of coalition formation and surplus …
Persistent link: https://www.econbiz.de/10005407545
coalition structure core and that are also envy-free. …
Persistent link: https://www.econbiz.de/10005407611
consume a public good in a coalition with more members. This paper adopts the Drèze and Greenberg (1980) type utility function … where players have preferences over goods as well as coalition members. In a game with anonymous and separable network … effect, the core is nonempty when coalition feasible sets are monotonic and players' preferences over public goods have …
Persistent link: https://www.econbiz.de/10005550914