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This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10008737140
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/10011279698
Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435
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/10011296159
Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a … show that given this power configuration there is a coalition which is both internally and Nash stable. We consider two … investigate how infeasible coalition might affect the outcome and apply our model to the German parliament …
Persistent link: https://www.econbiz.de/10010189489
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156
Persistent link: https://www.econbiz.de/10003356010
backward induction procedure to pinpoint the latest moment at which a coalition can be found with both an incentive and the … this way will be agreed upon at the outset - or, if a suitable coalition is never found, that no agreement will be reached …. -- Backward induction ; Coalition ; Core ; Weak dominance …
Persistent link: https://www.econbiz.de/10003827923
Persistent link: https://www.econbiz.de/10003364290
Based on a result due to Ray and Vohra showing the possibility of inefficiency due to a coalition formation in an … of coalition arises in the two stages, which could help explain what is going on in the international negotiation. …
Persistent link: https://www.econbiz.de/10011598254