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on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … distribution of cost shares that motivates some coalition of agents to separate and to block an initially given Pareto optimal … allocation which can be interpreted as the outcome of a negotiation process when all agents form a grand coalition …
Persistent link: https://www.econbiz.de/10013316192
members of the coalition group for equilibrium payoffs and welfare effects. In this analysis we also distinguishing between … coalition groups with and without side payments. Overall, coalition groups tend to perform well for the members of the coalition … group in comparison to fully decentralized negotiations, particularly if the objectives of the members of the coalition …
Persistent link: https://www.econbiz.de/10013087729
International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the ‘fat tail’, on the...
Persistent link: https://www.econbiz.de/10013315816
This paper studies within a multi-country model with international trade the stability of international environmental agreements (IEAs) when countries regulate carbon emissions either by taxes or caps. Regardless of whether coalitions play Nash or are Stackelberg leaders the principal message is...
Persistent link: https://www.econbiz.de/10013046588
non-coalition countries with regard to emissions and welfare and compare business as usual with the coalition … liberalization by moving from autarky to free trade. Although the coalition steps up its mitigation effort, world emissions rise … environment as well as for the coalition countries’ welfare and the aggregate welfare of all countries; it reduces the range of …
Persistent link: https://www.econbiz.de/10013315868
We develop a model to explain two-way migration of high-skilled individuals between countries that are similar in their economic characteristics. High-skilled migration results from the combination of workers whose abilities are private knowledge, and a production technology that gives...
Persistent link: https://www.econbiz.de/10013010487
concerns. Instead of exogenously restricting transfers on a matching market, we introduce a desideratum based on fairness …
Persistent link: https://www.econbiz.de/10013021759
We present a dynamic lifecycle model of women's choices with respect to partnership status, labour supply and fertility when a male partner's true tendency for abusive behaviour is unobserved. The model is estimated by the method of simulated moments using longitudinal data from the Avon...
Persistent link: https://www.econbiz.de/10012917015
We show that in a Ricardo-Viner-type trade model with unemployment due to search and matching the productivity effect …
Persistent link: https://www.econbiz.de/10013144365
We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a … positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative …
Persistent link: https://www.econbiz.de/10013315734