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We study a model of negotiation and coalition formation concerning a public expenditure and its financing. The agents must determine which coalition will jointly produce a public good, how much will be produced, and how the cost is to be shared. Agents that do not belong to the final coalition...
Persistent link: https://www.econbiz.de/10005155383
We study a model of negotiation and coalition formation concerning a public expenditure and its financing. The agents must determine which coalition will jointly produce a public good, how much will be produced and how the cost is to be shared. Agents that do not belong to the final coalition...
Persistent link: https://www.econbiz.de/10005596627
Persistent link: https://www.econbiz.de/10005596791
Persistent link: https://www.econbiz.de/10009149481
A compound game is an (n + 1) player game based on n two-person subgames. In each of these subgames player 0 plays against one of the other players. Player 0 is regulated, so that he must choose the same strategy in all n subgames. We show that every fictitious play process approaches the set of...
Persistent link: https://www.econbiz.de/10005753121
We study a two-stage all-pay auction with two identical prizes. In each stage, the players compete for one prize. Each player may win either one or two prizes. We analyze the unique subgame-perfect equilibrium of our model with two players where each player’s marginal values for the prizes are...
Persistent link: https://www.econbiz.de/10010593360