Showing 1 - 10 of 1,031
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game …) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10003974150
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
This paper examines how neutral the current EU decision-making procedures are to membership and how well they obey …
Persistent link: https://www.econbiz.de/10011507661
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings. We find that, with high market concentration and sufficiently convex demand, there is no scope for cross-ownership to improve welfare regardless of spillover levels. Otherwise,...
Persistent link: https://www.econbiz.de/10011482905
In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how … of the prize often takes place after the coalition formation stage. This creates the possibility for some players to ask … strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …
Persistent link: https://www.econbiz.de/10012494898
countries is self-enforcing. It is shown that there always exists a rather small stable tax coalition. For some subset of the … parameter space the grand coalition may be stable as well, even if the total number of countries is large. The small stable … coalition is not very effective in mitigating the inefficiency of the non-cooperative Nash equilibrium. The ineffectiveness is …
Persistent link: https://www.econbiz.de/10010199703
We augment the standard cartel formation game from non-cooperative coalition theory, often applied in the context of … international environmental agreements on climate change, with the possibility that singletons support coalition formation without … becoming coalition members themselves. Rather, their support takes the form of a monetary transfer to the coalition, which …
Persistent link: https://www.econbiz.de/10011444079
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/10010404554
policy. To this end, we expand the modest coalition formation game, in which countries first decide on whether to join an … all members of the IEA. In the strong delegation game principals first delegate to agents, which then decide on membership … and emissions. We find that strategic delegation crowds out all efforts to increase coalition sizes by less ambitious …
Persistent link: https://www.econbiz.de/10012388125
with respect to both emissions and membership. In that encompassing IEA game the size of the coalition is increasing in the … Kantian moral behavior. Countries may behave morally with respect to both emissions (reduction) and membership in an IEA. If … countries are emissions Kantians or membership Kantians the outcome of the corresponding IEA games is socially optimal. To model …
Persistent link: https://www.econbiz.de/10013453815