Showing 1 - 10 of 166
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10014190389
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can …
Persistent link: https://www.econbiz.de/10013019277
Inequity aversion models have been used to explain equitable payoff divisions in bargaining games. I show that inequity aversion can actually increase the asymmetry of payoff division if unanimity is not required. This is due to the analogy between inequity aversion and risk aversion. Inequity...
Persistent link: https://www.econbiz.de/10014058085
In this paper, we consider the problem of choosing a set of multi-party contracts, where each coalition of agents has a …
Persistent link: https://www.econbiz.de/10014059800
Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they 'fall back' on … their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If … there is more than one fallback coalition, the players common to them, or kingmakers, determine which fallback coalition …
Persistent link: https://www.econbiz.de/10013157458
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013021278
The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is extremely hard, involving a multiplicity of questions and complex issues. The objective of this paper is to provide new insights on some dimensions of the bargaining process -...
Persistent link: https://www.econbiz.de/10012713002
the externalities involved, as well as with where the source of cooperation lies in cooperative game theory. In either …
Persistent link: https://www.econbiz.de/10012709839
We study coalitional games where the proceeds from cooperation depend on the entire coalition structure. The coalition … structure core (Kóczy, 2007) is a generalisation of the coalition structure core for such games. We introduce a noncooperative …, sequential coalition formation model and show that the set of equilibrium outcomes coincides with the recursive core. In order to …
Persistent link: https://www.econbiz.de/10013153794
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out their communication links with upfront transfers....
Persistent link: https://www.econbiz.de/10013021336