Showing 1 - 10 of 168
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 … links. We characterize the networks that are supported under these variations and show how each of the above aspects is …
Persistent link: https://www.econbiz.de/10005392531
alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …
Persistent link: https://www.econbiz.de/10005423065
the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at … symmetric case. As an application, we establish an interesting link with the formation of networks. …
Persistent link: https://www.econbiz.de/10008674336
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
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for pairwise stability when group deviations are allowed. Group...
Persistent link: https://www.econbiz.de/10005385430
In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10005385438
We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government’s choice...
Persistent link: https://www.econbiz.de/10004990061
We study coalitional games where the proceeds from cooperation depend on the entire coalition structure. The coalition …
Persistent link: https://www.econbiz.de/10008502122
and coalition formation, the preferences of individuals over networks, the strategic behavior of coalitions in forming … networks, and the trembles of nature, what network and coalitional dynamics are likely to emerge and persist. Our main … measures, and generates a finite, disjoint collection of nonempty subsets of networks and coalitions, each constituting a basin …
Persistent link: https://www.econbiz.de/10004987229
We examine a new class of games, which we call social games, where players not only choose strategies but also choose with whom they play. A group of players who are dissatisfied with the play of their current partners can join together and play a new equilibrium. This imposes new refinements on...
Persistent link: https://www.econbiz.de/10005423090