Showing 1 - 10 of 38
trading path and the allocation of the surplus among the seller, the buyer and the intermediaries at equilibrium. We show that … single link towards a weak agent. Once agents do not know the impatience of the other agents, each bilateral bargaining … session may involve delay, but not perpetual disagreement, in equilibrium. When an agent chooses another agent on a path from …
Persistent link: https://www.econbiz.de/10010904918
there exists a Nash e-equilibrium in pure strategies consistent with conformity. We also introduce a new concept of …
Persistent link: https://www.econbiz.de/10005385424
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10005385463
In this paper we study the optimal forest conservation policy by a hyperbolically discounting society. Society comprises a series of non-overlapping imperfectly altruistic generations each represented by its own government. Under uncertainty about future pay-offs we determine, as solution of an...
Persistent link: https://www.econbiz.de/10009421232
This paper studies cross-border intellectual property rights (IPR) as a North-South contract using a Nash bargaining …
Persistent link: https://www.econbiz.de/10010635920
We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable, industry-profit maximizing and efficient. This...
Persistent link: https://www.econbiz.de/10004965187
We propose a class of sharing schemes for the distribution of the gains from cooperation for coalition games with externalities. In the context of the partition function, it is shown that any member of this class of sharing schemes leads to the same set of stable coalitions in the sense of...
Persistent link: https://www.econbiz.de/10008489581
A costless signaling mechanism has been proposed as a device to improve welfare in decentralized two-sided matching markets. An example of such an environment is a job market for new Ph.D. economists. We study a market game of incomplete information between firms and workers and show that...
Persistent link: https://www.econbiz.de/10005008014
We develop a simple model to study the coevolution of interaction structures and action choices in Prisoners’ Dilemma games. Agents are boundedly rational and choose both actions and interaction partners via payoff-based imitation. The dynamics of imitation and exclusion yields polymorphic...
Persistent link: https://www.econbiz.de/10005008019
emerge at equilibrium. We define the notion of coalitional network to represent a network and a coalition structure, where … outside his coalition. To predict the coalitional networks that are going to emerge at equilibrium we propose the concept of …
Persistent link: https://www.econbiz.de/10005008045