Showing 1 - 10 of 27
This paper considers cooperative game theoretic settings in which forming coalitions can act as Stackelberg leaders. We de�fine a value function which modi�fies the gamma-value function (Hart & Kurz, 1983, Chander & Tulkens, 1997) by letting members of deviating coalitions move �first in...
Persistent link: https://www.econbiz.de/10015221255
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10015228498
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10015228501
This paper revisits a particular norm of behaviour underlying the well known model of kinked demand. We show that under some standard regularity conditions this norm of behaviour sustains the efficient outcome in all symmetric games.
Persistent link: https://www.econbiz.de/10015257001
This paper establishes sufficient conditions for the existence of a stable coalition structure in the "coalition unanimity" game of coalition formation, first defined by Hart and Kurz (1983) and more recently studied by Yi (1997, 2000). Our conditions are defined on the strategic form game used...
Persistent link: https://www.econbiz.de/10011324923
Many Social Interactions display either or both of the following well documented phenomena. People tend to interact with similar others (homophily). And they tend to treat others more favorably if they are perceived to share the same identity (in-group bias). While both phenomena involve some...
Persistent link: https://www.econbiz.de/10010282981
This paper establishes sufficient conditions for the existence of a stable coalition structure in the ”coalition unanimity” game of coalition formation, first defined by Hart and Kurz (1983) and more recently studied by Yi (1997, 2000). Our conditions are defined on the strategic form game...
Persistent link: https://www.econbiz.de/10005385412
We study linear quadratic games played on a network where strategies are complements between neighbors and substitutes between agents at distance-two. We provide micro-founded problems where this pattern of interaction is due to a local congestion effect. Equilibrium behavior systematically...
Persistent link: https://www.econbiz.de/10010934666
This paper proposes a formulation of coalitional payoff possibilities in games with externalities, based on the assumption that forming coalitions can exploit a "first mover advantage". We derive a characteristic function and show that when outside players play their best response...
Persistent link: https://www.econbiz.de/10011608773
In this note we study the centralization vs. decentralization issue for the management of a given collective activity. The aim is to characterize a class of decision rules that guarantees the stability of global cooperation (i.e centralization) against the incentive of coalitions of citizens to...
Persistent link: https://www.econbiz.de/10010836007