Showing 1 - 10 of 223
This paper proposes a model of multilateral contracting where players are engaged in two parallel interactions: they dynamically form coalitions and play a repeated normal form game with temporary and permanent decisions. This formulation encompasses many economic models with externalities and...
Persistent link: https://www.econbiz.de/10005385394
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …
Persistent link: https://www.econbiz.de/10005423099
The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is … on some dimensions of the bargaining process – asymmetries and uncertainties in particular – by using a non … most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce …
Persistent link: https://www.econbiz.de/10005423226
Imperfect private monitoring in an infinitely repeated discounted Prisoner’s Dilemma played on a communication network …’s history throughout the network. The delay in receiving this information requires the players to be more patient to sustain the … same level of cooperation as in a complete network, although a Folk Theorem obtains when the players are patient enough …
Persistent link: https://www.econbiz.de/10008674329
small world network. This paper develops a strategic network formation model where agents have heterogeneous knowledge of … the network: cognizant agents know the whole network, while ignorant ones are less knowledgeable. For a broad range of … have higher betweenness centrality: they are the brokers who connect different parts of the network. Ignorant agents cause …
Persistent link: https://www.econbiz.de/10005008025
connected and undirected network. Players observe their immediate neighbors’ behavior only, but communicate over time the … repeated game’s history truthfully throughout the network. The Folk Theorem extends to this setup, although for a range of … produces a network result; namely, the level of cooperation in this setup depends on the network’s diameter, and not on its …
Persistent link: https://www.econbiz.de/10005230891
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … variations of the transfer/bargaining aspect of link formation. One aspect is whether players can only make and receive transfers … network or only on the link itself. A final aspect is whether or not players can pay other players to refrain from forming …
Persistent link: https://www.econbiz.de/10005392531
This paper studies bargaining and exchange in a networked market with intermediation. Possibilities to trade are … restricted through a network of existing relationships and traders bargain over the division of available gains from trade along … different feasible routes. Using a stochastic model of bargaining, I characterize stationary equilibrium payoffs as the fixed …
Persistent link: https://www.econbiz.de/10010555589
Bargaining is ubiquitous in real-life. It is a major dimension of political and business activities. It appears at the … international negotiations. By reviewing non-cooperative bargaining theory, non-cooperative coalition theory, and the theory of fair …
Persistent link: https://www.econbiz.de/10005423215
This paper reinterprets the ? -core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can freely merge or break apart, are farsighted (that is,...
Persistent link: https://www.econbiz.de/10005423240