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) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game … possible explanation for cartels' structures (not) observed in practice. -- auctions ; Bayesian game ; collusion ; core …
Persistent link: https://www.econbiz.de/10003974150
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/10003983187
, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility … pattern that is also consistent with this theory and entails substantial allocative consequences. …
Persistent link: https://www.econbiz.de/10010340311
repeated game setting. We show that partial tax coordination is more likely to prevail if the number of regions in a coalition …
Persistent link: https://www.econbiz.de/10003994121
Persistent link: https://www.econbiz.de/10003598571
; coalition formation ; endogenous institutions …
Persistent link: https://www.econbiz.de/10009490611
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 formation...
Persistent link: https://www.econbiz.de/10009690831
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/10009691706
international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on …. The equilibrium size of such a coalition, as well as equilibrium emissions, depends on the distribution across countries … of countries will reduce (or leave unchanged) the equilibrium coalition size. However, the effect of such an increase in …
Persistent link: https://www.econbiz.de/10010246011
climate damage asymmetry tends to discourage cooperation in the grand coalition. The effects of fuel-demand asymmetry depend … on fossil fuel abundance. If fuel is very abundant, the grand coalition fails to be stable independent of the degree of … higher degrees of asymmetry stabilize the grand coalition. …
Persistent link: https://www.econbiz.de/10010428830