Showing 1 - 10 of 31
outside players play their best response noncooperatively, the core is nonempty in games with strategic complements. We apply …
Persistent link: https://www.econbiz.de/10005620003
This paper proposes two generalization of the core and evaluates them on experimental data of assignment games (workers …-cooperative games, and they prove to be both descriptive and predictive in the assignment games analyzed here. The "logit core" allows …
Persistent link: https://www.econbiz.de/10009251543
members of deviating coalitions move �first in choosing a coordinated strategy. We accordingly defi�ne what we call the phi-core …, and characterize the phi-core allocations of a cartel formation game and of a public goods economy. …
Persistent link: https://www.econbiz.de/10008565960
We present a new model for cost sharing in minimum cost spanning tree problems, so that the planner can identify the agents that merge. Under this new framework, and as opposed to the traditional model, there exist rules that satisfy merge-proofness. Besides, by strengthening this property and...
Persistent link: https://www.econbiz.de/10011204419
costs, due to the emptiness of the core of the corresponding cooperative game [Aivazian and Callen (1981)]. We show that the … game. Hence, when there are three parties, the Coase Theorem fails if and only if the core of the corresponding three … costs which, when introduced into a frictionless bargaining situation, will cause an empty core to become non-empty. In …
Persistent link: https://www.econbiz.de/10011107924
Firms sign an integration contract with the purpose of increasing their expected profits from trade and competition with third parties. Gains depend on how the contract improves the partners' production function (e.g. better synergies, organization, etc.), and how it increases their power in the...
Persistent link: https://www.econbiz.de/10011111066
We propose an allocation rule that takes into account the importance of players and their links and characterizes it for a fixed network. Unlike previous rules, our characterization does not require component additivity. Next, we extend it to flexible networks a la Jackson (2005). Finally, we...
Persistent link: https://www.econbiz.de/10011111155
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10011258906
The paper studies the ordinal equivalence of Linear, Efficient and Symmetry (LES) values in TU-games. It demonstrates that most of the results obtained by Carreras F, Freixas J (2008) in the case of semivalues and simple games are transposable on LES values and the whole TU-games set. In...
Persistent link: https://www.econbiz.de/10011112221
The successful formation and long-term stability of a cooperative venture is often linked to the perceived fairness of the associated cost or resource allocation. In particular, the effectiveness of such collaborations can be hampered by the lack of a consensus view on what basis should be used...
Persistent link: https://www.econbiz.de/10005835826