Showing 1 - 10 of 85
. We begin by characterizing efficiency in such a dynamic setting, and discuss how it differs from efficiency in a …
Persistent link: https://www.econbiz.de/10005062338
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
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
Many local public goods are provided by coalitions and some of them have network effects. Namely, people prefer to consume a public good in a coalition with more members. This paper adopts the Drèze and Greenberg (1980) type utility function where players have preferences over goods as well as...
Persistent link: https://www.econbiz.de/10005550914
We design a simple protocol of coalition formation. A society grows up by sequentially incorporating new members. The negotiations are always bilateral. We study this protocol in the context of non-transferable utility (NTU) games in characteristic function form. When the corresponding NTU game...
Persistent link: https://www.econbiz.de/10005118549
In a series of papers, Aumann and Roth discussed a game in which players can cooperate in pairs and two of them prefer to form a coalition with each other. Roth argued that the only rational outcome is that the players who prefer each other form a coalition; Aumann argued that all three...
Persistent link: https://www.econbiz.de/10005118554
This article proposes a methodology to attack the problem of considering the bargaining agenda as an endogenous phenomenon to the problem of gradual bargaining recognizing such problems as path-dependent processes. Main results of short, medium and long term in the bargaining are presented, as...
Persistent link: https://www.econbiz.de/10005118612
We implement the levels structure value (Winter, 1989) for cooperative transfer utility games with a levels structure. The mechanism is a generalization of the bidding mechanism by Perez-Castrillo and Wettstein (2001).
Persistent link: https://www.econbiz.de/10005118656
We examine a new class of games, which we call social games, where players not only choose strategies but also choose with whom they play. A group of players who are dissatisfied with the play of their current partners can join together and play a new equilibrium. This imposes new refinements on...
Persistent link: https://www.econbiz.de/10005062336
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