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Efficiency and Voluntary Implementation in Markets with Repeated Pairwise Bargaining

Jackson, Matthew O.; Palfrey, Thomas R. - EconWPA - 1997

centralized static setting. We then study the allocations which can result in equilibrium when the matched buyers and sellers …: imposing individual rationality {\sl on and off} the equilibrium path. No buyer or seller consumates an agreement which leaves …

Persistent link: https://www.econbiz.de/10005062338

Formation of Collective Decision-Making Units: Stability and a Solution

Kung, Fan-chin - EconWPA - 2005

We study how individuals divide themselves into coalitions and choose a public alternative for each coalition. When preferences have consecutive support and coalition feasible sets are positively population- responsive, the proposed consecutive benevolence solution generates allocations...

Persistent link: https://www.econbiz.de/10005062349

Coalition Formation with Local Public Goods and Network Effect

Kung, Fan-chin - EconWPA - 2005

the no-exodus equilibrium for games whose feasible sets are not monotonic. …

Persistent link: https://www.econbiz.de/10005550914

Nonanonymity and sensitivity of computable simple games

Mihara, H. Reiju - EconWPA - 2003

This paper investigates algorithmic computability of simple games (voting games). It shows that (i) games with a finite carrier are computable, (ii) computable games have both finite winning coalitions and cofinite losing coalitions, and (iii) computable games violate any conceivable notion of...

Persistent link: https://www.econbiz.de/10005118600

Bargaining with commitments

Vidal-Puga, Juan - EconWPA - 2003

only expected final equilibrium payoff can be defined by means of selective marginal contributions vectors, and it …

Persistent link: https://www.econbiz.de/10005124854

Social Games: Matching and the Play of Finitely Repeated Games

Jackson, Matthew O.; Watts, Alison - EconWPA - 2005

play a new equilibrium. This imposes new refinements on equilibrium play, where play depends on the relative populations of … subgame perfect equilibrium of the corresponding fixed-player repeated games. We explore existence under different equilibrium … definitions, as well as the relationship to renegotiation-proof equilibrium. It is possible for repeated matching equilibria to be …

Persistent link: https://www.econbiz.de/10005062336

Additive rules in bankruptcy problems and other related problems

Bergantiños, Gustavo; Vidal-Puga, Juan - EconWPA - 2003

In this paper we characterize the set of rules satisfying additivity on the estate along with additivity on the estate and the claims in bankruptcy problems and other related problems. Moreover, new characterizations of the well known rules based on the principles of "equal award", "equal loss",...

Persistent link: https://www.econbiz.de/10005062337

The NTU consistent coalitional value

Bergantiños, Gustavo; Vidal-Puga, Juan - EconWPA - 2003

We introduce a new value for NTU games with coalition structure. This value coincides with the consistent value for trivial coalition structures, and with the Owen value for TU games with coalition structure. Furthermore, we present two characterizations: the first one using a consistency...

Persistent link: https://www.econbiz.de/10005062354

A Dual Model of Cooperative Value

Feldman, Barry - EconWPA - 2002

equilibrium payoffs in variations of the bargaining game of Hart and Mas-Colell (1996). In these variations, players …

Persistent link: https://www.econbiz.de/10005407563

Three Union Regulations for Environment Protection Agency: A Game with 12 bank notes

Mullat, Joseph - EconWPA - 2001

It is now almost a common truth that society needs to avoid environment contamination or damage become significant for nature protection programs of the government and wild life preservation efforts. A possible outcome of such efforts might occasionally be a voluntary solution, which results...

Persistent link: https://www.econbiz.de/10005407567

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