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Persistent link: https://www.econbiz.de/10008594137
We present a simplified model of the evolution of a society which is regulated by a formal unanimity voting procedure. We examine several protocols, which depend on whether admission or expulsion are permissible, and on the order with which they are implemented. Conditions which ensure the...
Persistent link: https://www.econbiz.de/10005598424
We study fundamental properties of monotone network enterprises which contain public vertices and have positive and negative costs on edges and vertices. Among the properties studied are the nonemptiness of the core, characterization of nonredundant core constraints, ease of computation of the...
Persistent link: https://www.econbiz.de/10005598443
We prove that the reactive bargaining set coincides with the core of simple flow games, and it essentially coincides with the kernel of simple superadditive games.
Persistent link: https://www.econbiz.de/10005155720
The reactive bargaining set (Granot [1994]) is the set of outcomes for which no justified objection exists. Here, in a justified objection the objector first watches how the target tries to act (if he has such an option), and then reacts by making a profit and ruining the target's attempt to...
Persistent link: https://www.econbiz.de/10005155759