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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/10010477108
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coalition theory, we find that the potential benefits of water trade may not be sufficient to make all agents in the river …
Persistent link: https://www.econbiz.de/10010464793
We consider a game played by a state sponsor of terrorism, a terrorist group, and the target of terrorist attacks. The sponsoring state wishes to see as much damage inflicted on the target of attack as possible, but wishes to avoid retaliation. To do so, his relationship with the terrorist group...
Persistent link: https://www.econbiz.de/10011379528
character. The grand coalition was always the efficientcoalition,whereas the values of the 2-personcoalitions are varied such … that they lead to an efficiency loss inthe range of6.7 up to 30 percent. Furthermore, the 2-person coalition implies social … huge majority of proposers choosethe inefficient and unfair 2-person coalition. Proposer inducedefficiencylosses vary …
Persistent link: https://www.econbiz.de/10011301150
)The coalition decision, (ii) proposers' demand behavior in 2- and 3-personultimatum subgames, and (iii) theresponders' behavior in …
Persistent link: https://www.econbiz.de/10011301151
This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10011342576
players in the game.In this paper we consider cooperative games in which the playersare organized into an a priori coalition … payoff is equal to its share in someinternal game within its coalition multiplied by the share of thiscoalition in an … properties. Weprovide axiomatizations of this class of coalition structure sharefunctions using these consistency and …
Persistent link: https://www.econbiz.de/10011316871
In this paper, we analyze bankruptcy problems with nontransferable utility (NTU) from a game theoretical perspective by redefining corresponding NTU-bankruptcy games in a tailor-made way. It is shown that NTU-bankruptcy games are both coalitional merge convex and ordinal convex. Generalizing the...
Persistent link: https://www.econbiz.de/10010250500
Persistent link: https://www.econbiz.de/10002459962